UK SANCTIONS AFTER BREXIT

On 1 March, White & Case published an article saying that, with Brexit looming, the UK’s autonomous sanctions policy is slowly taking shape.  The regulations setting out the post-Brexit UK sanctions regimes for Iran, Burma and Venezuela, which will come into force in the event of a ‘no deal’ Brexit, have been published.  However, the more difficult aspects of the UK’s post-Brexit sanctions regimes are still to be determined. After examining the new regulations it says that they show that, in the event of a ‘no deal’ Brexit, the UK’s new sanctions regimes would include material changes.  Businesses would need to pay attention to avoid being caught out by reliance on their understanding of the old regimes, particularly as OFSI appears to be willing to act on even minor breaches

https://www.whitecase.com/publications/alert/sanctions-after-brexit-first-uk-sanctions-regimes

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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