UK SANCTIONS GUIDANCE FOR POST-BREXIT

On 1st February, HM Treasury and OFSI published general guidance on the operation of financial sanctions for when the UK leaves the EU. The Sanctions and Anti-Money Laundering Act 2018 (SAMLA) will enable sanctions to continue uninterrupted when the UK leaves the EU.  Secondary legislation under SAMLA will transfer existing EU sanctions into UK law, and the UK will continue to be bound by UN and EU sanctions.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/775675/Post_EU_Exit-_Financial_Sanctions_-_General_Guidance.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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