In May the UK passed the Sanctions and Anti-Money Laundering Act 2018. Now, in light of the relative certainty as to how the UK sanctions regime will work post-Brexit, a Projet de Loi has been laid before the States of Guernsey to Brexit-proof local sanctions legislation and to address designation of a person under the […]

The European Union Financial Sanctions (Amendment of Information Provisions) Regulations 2017 (the regulations) came into force on 8 August. The regulations extend to independent legal professionals and other relevant businesses or professionals the requirement to inform the Office of Financial Sanctions Implementation (OFSI) of known or suspected financial sanctions breaches. (An independent legal professional is defined in […]

The Policing and Crime Act 2017 has received Royal Assent. Among other things, the Act: increases criminal penalties from a maximum of two years to seven years for breaches of financial sanctions (Section 144 (3)); makes deferred prosecution agreements available in breach of financial sanctions cases (section 150); and Introduces serious crime prevention orders for […]

This news item draws your attention to a Notice published today on GOV.UK. The list of persons to whom Council Regulation (EC) No 2580/2001 imposing financial sanctions with regard to Terrorism & Terrorist Financing should apply has been amended with one individual having their designation renewed. The Notice can be found at the following address: […]

From April 2017, the Treasury’s Office of Financial Sanctions Implementation (OFSI) will be able to impose penalties for serious breaches of up to £1 million or 50% of the breach- whichever is higher. http://bit.ly/1LWTYvn The legislation is part of a raft of wider measures to toughen the government’s response to sanctions breaches in the Policing […]

 The Council Regulation (EU) 269/2014 imposing financial sanctions Ukraine (Sovereignty and Territorial Integrity) has been amended to apply an asset freeze on six additional entries. The Notice can be found at the following address:  http://bit.ly/2fHb9Wo The consolidated list of financial sanctions targets can be accessed from:  http://bit.ly/1wC8YSW  

This email draws your attention to a Notice relating to Syria which was published today on GOV.UK. Council Regulation (EU) No 36/2012 imposing financial sanctions against Syria has been amended. Identifying information for 18 individuals listed in the Annex to the Notice has been amended and three other individuals have been delisted. The Notice can […]

This item draws your attention to a Notice relating to ISIL (Da’esh) & Al-Qaida organisations which was published today on GOV.UK. Council Regulation (EC) 881/2002 imposing financial sanctions against ISIL (Da’esh) & Al-Qaida has been amended and an asset freeze still applies to the individuals. The Notice can be found at the following address: http://bit.ly/2d219FR The […]