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Why the European Union Needs Anticorruption Sanctions

This document explores why the EU needs anti-corruption sanctions. In December 2020, the EU adopted the landmark EU Global Human Rights Sanctions Regime, but unlike its allies, failed to include corruption as a sanctionable activity. Recent revelations from the Pandora and Panama Papers shone a spotlight on secret offshore accounts in western jurisdictions and show the urgent need to act against kleptocratic and illicit money flows.