Magnitsky Act
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| Interest of | Bill Browder |
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The International Magnitsky Act is a sanctions regime created by the Obama Administration in 2012 at the behest of mafia-oligarch lawyer Bill Browder. It massively expands the ability of nation states to unilaterally sanction and freeze the assets of individuals and limit their travel without due process of law. Independent journalist Lee Stranahan has called it the "HSBC Bailout Act." [1]This refers to the Hong-Kong Shanghai Bank of China, which had money laundering operations going back to the Opium Wars of the 19th Century and took over much of the work of BCCI.
The first uses of the act were to impose sanctions on those who had picked up Russian assets formerly owned by Browder's clients such as Mikhail Khordokovsky. As such, it resembles many of the mafia prosecutions of the Reagan administrations whereby the US Dept. of Justice went after the Sicilian mob to expand the territory for organized criminals allied to the administration.
In the UK
On 21 February 2017 the UK House of Commons unanimously passed an amendment to the Criminal Finances Bill inspired by the Magnitsky Act that would allow the government to freeze the assets of international human rights violators in the UK.[2]
On 1 May 2018, the UK House of Commons, without opposition, added the "Magnitsky amendment" to the Sanctions and Anti-Money Laundering Bill that would allow the British government to impose sanctions on people deemed to have committed gross human rights violations.[3]
Related Documents
| Title | Type | Publication date | Author(s) | Description |
|---|---|---|---|---|
| Document:The Magnitsky Myth Exploded | blog post | 16 September 2019 | Craig Murray | Craig Murray: I am offering a bottle of Lagavulin to anybody who can find me an honest and fair MSM report of this judgement reflecting that the whole story was built on lies. |
| File:Death of Sergey Magnitskey-Firestone Duncan.pdf | Document | Sergei Magnitsky | Death notification about the demise of Sergei Magnitsky by Firestone Duncan which spells his name incorrectly. |
