The guide outlines the purpose and scope of UK sanctions, and the individuals and entities required to comply with sanctions regulations.
Key topics highlighted in the guide include:
➡️ The types of sanctions the UK can impose, including financial, trade, immigration, and transport restrictions;
➡️Guidance on how individuals and organisations can comply with sanctions regulations, including the importance of checking the UK Sanctions List and applying for licences where necessary; and
➡️ The role of the Office of Financial Sanctions Implementation (OFSI) in enforcing compliance and issuing penalties for breaches.
✅ Firms operating in the UK should review the guide to assess how it can supplement sanctions training and awareness initiatives.
AML/CTF/CPF
Industry News
