The UK Foreign Affairs Committee has launched the “Global Britain: the future of UK sanctions policy inquiry” and is accepting written submissions up to the deadline of 14 December 2018. The inquiry is intended to explore and evaluate different options for the UK’s approach to sanctions policy after Brexit.
The inquiry therefore invites submissions on:
- The effectiveness of sanctions as an instrument of foreign policy, including examples of both successful and unsuccessful use of sanctions to influence the behaviour of foreign actors.
- The advantages and disadvantages of the EU’s approach to the use of sanctions, both generally and in specific cases (such as Russia).
- How the USA sets and uses sanctions as an instrument of foreign policy, and the advantages and disadvantages of its approach particularly where that differs from the EU.
- How the UK might best make use of the Magnitsky powers included in the Sanctions and Anti-Money Laundering Act 2018.
- The extent to which the UK should seek to align with the EU in sanctions policy post-Brexit, versus areas in which it may wish to diverge or seek stronger sanctions.
- The FCO’s record in:
- Identifying individuals, companies and regimes that should be sanctioned;
- Linking specific sanctions recommendations to broader foreign policy goals; and,
- Working with other departments, agencies and the private sector to share intelligence and implement sanctions effectively.
- The use of sanctions alongside other tools designed to combat dirty money, such as unexplained wealth orders.