CHANGES TO UK SANCTIONS POWERS

On 27 July, the EU Sanctions blog reported that –

  • On 9 August, new powers come into force that will authorise government departments, agencies and relevant bodies to share information to enable and/or assist HM Treasury to discharge its sanctions-related functions; and
  • On 30 August, the definition of a “relevant firm” (that is subject to certain reporting obligations) is extended to include crypto-asset exchange providers and custodian wallet providers

https://www.europeansanctions.com/2022/07/uk-extends-definition-of-relevant-firm-to-crypto-exchange-providers/

Any modest contributions for my time and ongoing expenses are welcomed!  At Buy me a Coffee one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

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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