How human rights sanctions need to evolve for everyone’s benefit – JD Supra

Can the Magnitsky Act become an effective tool to punish human rights abusers and lead to change among governments and corporations that do business with them?

The Global Magnitsky Act is the first global thematic sanctions regime that focuses on human rights. It has the potential to become an effective and consequential enforcement mechanism that can punish human rights abusers and foster behavioral change when its designations are acted upon and dealt with by all market participants.

But do human rights-related sanctions really work? Or are they merely citation-type labels that name wrongdoers but ultimately bear little consequence?

4 critical elements

Looking at the current state of the Magnitsky Act, four critical elements correlate with its success and effectiveness.

First, information about human rights violation needs to be collected, verified, and submitted to governmental authorities. Non-governmental organizations (NGOs), advocacy groups, and media outlets play an…

Read Full Story: https://www.jdsupra.com/legalnews/how-human-rights-sanctions-need-to-5242282/

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