Loading...
Market
What type of entity will be most frequently targeted by asset freezes under the UK's new regime by Dec 31, 2025?
2
Resolution / Starting Odds
Individual smugglers • 25%
Smuggling networks • 25%
Financial institutions • 25%
Other • 25%
UK government publications and financial news reports
Story
UK to Implement World-First Sanctions Regime With Asset Freezes and Travel Bans on People Smugglers
Jan 9, 2025, 08:20 AM
The UK government has announced plans to introduce a new sanctions regime, described as a world-first, aimed at crippling people smuggling networks. This initiative will target the finances of individuals and entities involved in facilitating illegal migration across the English Channel. Foreign Secretary David Lammy stated that the regime will help prevent, combat, deter, and disrupt irregular migration into the UK. The sanctions will include asset freezes and travel bans for those suspected of involvement in people smuggling. Prime Minister Keir Starmer emphasized the government's commitment to dismantling crime gangs and securing UK borders by targeting illicit finance rings. The legislation for this new regime is expected to come into force within the year.
View original story
Similar markets
No • 50%
Yes • 50%
A major Russian bank • 25%
An international shipping company • 25%
A Russian state-owned enterprise • 25%
A Russian oligarch • 25%
National courts of EU member states • 25%
No legal challenge • 25%
International arbitration • 25%
European Court of Justice • 25%
North Korea • 25%
Russia • 25%
China • 25%
Other • 25%
Full seizure of £163 million • 25%
Partial seizure • 25%
No assets seized • 25%
Outcome undisclosed • 25%
Other • 25%
Germany • 25%
France • 25%
Poland • 25%
Trade restrictions • 25%
Asset freezes • 25%
Travel bans • 25%
Other • 25%
Assets remain frozen • 25%
Other resolution • 25%
Assets returned to Russia • 25%
Assets transferred to Ukraine • 25%
Individual 4 • 25%
Individual 1 • 25%
Individual 2 • 25%
Individual 3 • 25%