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Daily Briefing| December 22 2016

Global Magnitsky Act will extend US sanctions reach

Oxford Analytica
Oxford Analytica
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Author & Article Information
Publisher: Oxford Analytica
Online ISSN: 2633-304X
© Oxford Analytica 2019. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2016
Expert Briefings (2016)
https://doi.org/10.1108/OXAN-DB216898
Subject

The US Global Magnitsky Act.

Significance

Congress passed the Global Magnitsky Act as part of an annual national defence bill on December 8 and President Barack Obama is expected to sign it before the end of the year. The legislation allows the president to impose sanctions against individuals tied to official corruption and extrajudicial killings carried out in retaliation for uncovering illegal or corrupt acts.

Impacts

Jurisdictions in Australia, Canada, Singapore and the United Kingdom may also seek to boost real estate transparency.

The White House may use its new sanctioning powers to pressure Iran and burnish its anti-Tehran credentials.

The example set by Trump’s future use of the Global Magnitsky Act will be directly correlated with its chance of renewal in 2022.

Keywords: United States, NA, Russia, Australia, Canada, International, Singapore, Syria, United Kingdom, CIS, INT/US, economy, industry, international relations, politics, banking, corruption, crime, foreign policy, government, human rights, judicial, property, sanctions
© Oxford Analytica 2019. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2016
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