UK LIKELY ONLY TO PURSUE FINANCIAL SANCTIONS CIVIL FINES WHERE DUE DILIGENCE INADEQUATE

On 5 April, an article from Out-Law says that UK authorities are not likely to take action against companies that work with sanctioned businesses if they did adequate due diligence on whether sanctions applied, but this puts the burden on those companies of proving that enough due diligence was done.

https://www.pinsentmasons.com/out-law/news/uk–pursue-financial-sanctions-civil-fines-diligence-inadequate

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 View all posts by raytodd2017