NEW UK SANCTIONS GUIDANCE

NEW UK SANCTIONS GUIDANCE

HM Treasury and OFSI continue to publish new or updated guidance for post-Brexit sanctions regimes.  These include guidance relating to –

  1. The Misappropriation (Sanctions) (EU Exit) Regulations 2020, which ensure sanctions relating to the misappropriation of state funds are implemented effectively as the UK has left the EU.  This regime replaces the EU’s Egypt, Tunisia and Ukraine (Misappropriation) regimes.
  2. The Unauthorised Drilling Activities in the Eastern Mediterranean (Sanctions) (EU Exit) Regulations 2020, which ensure sanctions relating to unauthorised drilling activities in the Eastern Mediterranean are implemented effectively.  This regime replaces the EU’s Turkey sanctions regime.
  3. Guidance aimed at helping stakeholders navigate the Regulations that specifically apply to the Libya financial sanctions regime. It includes information on asset freezes, partial asset freezes, interest, oil aboard UN-designated ships and ownership and control.

https://www.gov.uk/government/publications/financial-sanctions-misappropriation-of-state-funds

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/949252/Libya_guidance.pdf

https://www.gov.uk/government/publications/financial-sanctions-unauthorised-drilling-activities

If you would like to make a (polite) gesture and make a (very) modest contribution to my ongoing with my relocation, removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s