Significant legislative changes have been made to the UK’s sanctions regime in the first half of September 2024, namely: These new amendments demonstrate the UK’s further efforts in imposing penalties against sanctions...more
The UK has introduced new registration requirements on persons carrying on certain activities (e.g. political influence activities) for foreign states in the United Kingdom, which is expected to come into force in the course...more
On 11 March 2024, the UK government issued new amending regulations, the Export Control (Amendment) Regulations 2024 (the “Amending Regulations”), which update the Export Control Order 2008 and the retained EU Dual-Use...more
October 2023 marked the first anniversary of the enhanced partnership between the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the United Kingdom Office of Financial Sanctions...more
The UK is creating a new Office for Trade Sanctions Implementation, which will sit within the Department for Business and Trade and will be responsible for the civil enforcement of the UK’s trade sanctions regime (i.e....more
The UK has now signed its accession protocol to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This is almost the final stage in the UK’s accession to the CPTPP, with only UK and...more
On 24 February 2023, the U.S. intensified its sanctions on Russia and released new trade control measures targeting key sectors, evasion efforts, and military supplies. Taken together, the additional sanctions, export...more
On 2 September 2022, HM Government – through the Treasury – exercised its power to request information by issuing a financial sanctions notice requesting that all persons that hold or control funds or economic resources...more
UK Government introduces new sanctions measures and extends the reporting obligations to Cryptoasset exchange and custodian wallet providers. The UK Government has implemented new restrictions in relation to investments in...more
As a further response to Russia’s invasion of Ukraine, the Economic Crime (Transparency and Enforcement) Act (the “Act”) has been fast-tracked into law and received royal assent in the early hours of 15 March 2022. The Act,...more
This week has seen the constant expansion of the UK sanctions regime to a wider set of Russian targets as crisis in Ukraine continues. The newly-announced financial sanctions and economic restrictions cover a wide range of...more
UK Prime Minister Boris Johnson announces the “largest and most severe package of economic sanctions that Russia has ever seen” before Parliament and OFSI designates additional Russian entities and individuals as asset freeze...more
Today the UK government has adopted the “first barrage of UK economic sanctions against Russia” as UK Prime Minister Boris Johnson warned that Russian President Vladimir Putin is “bent on a full scale invasion of Ukraine”. UK...more
2/23/2022
/ Economic Sanctions ,
EU ,
Executive Orders ,
Exports ,
Financial Institutions ,
Office of Financial Sanctions Implementation (OFSI) ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
UK ,
Ukraine
The UK Government has strengthened its Russian sanctions legislation by extending its sanctions designation criteria to target Russian businesses and individuals in a wide range of economic and strategically significant...more
Between March and November 2021 HMRC issued compound penalties in respect of unlicensed exports of dual use goods, military goods and related activity controlled by the Export Control Order 2008 with settlements totalling...more
The European Union and the United Kingdom have each significantly expanded the scope of their sanctions against Belarus in response to the forced Ryanair aircraft landing in May. The new measures adopted target a significant...more
8/17/2021
/ Belarus ,
Belarus Sanctions ,
Dual Use Goods ,
Economic Sanctions ,
EU ,
European Investment Bank (EIB) ,
Export Controls ,
Exports ,
Military Goods ,
Popular ,
UK
On 26 April 2021, the UK launched the Global Anti-Corruption sanctions regime against individuals and organisations responsible for serious international corruption. The first wave of sanctions designations includes 22...more
On 22 March 2021, the UK Government published new official guidance on exporting military or dual-use technology.The guidance provides that controlled software and technology is generally subject to an export licence...more
3/26/2021
/ Cloud Storage ,
Dual Use Goods ,
Electronic Devices ,
Export Controls ,
Exports ,
Foreign Trade Regulations ,
Information Technology ,
International Trade ,
Software ,
UK ,
UK Brexit
Following the military coup on 1 February 2021 and subsequent human rights violations, the Foreign, Commonwealth, and Development Office added three Myanmar military officers to the UK Sanctions List on 18 February 2021....more
On Christmas Eve, the United Kingdom and European Union finally agreed a trade deal – the Trade and Cooperation Agreement (TCA) – which will define the post-Brexit trading relationship between the European Union and United...more
1/7/2021
/ Country of Origin ,
Cross-Border Transactions ,
Customs ,
EU ,
Free Trade Agreements ,
Northern Ireland ,
Regulatory Standards ,
Tariffs ,
Trade Policy ,
Trade Relations ,
UK ,
UK Brexit
On 20 July 2020, UK Foreign Secretary Dominic Raab announced (through a statement to the House of Commons) that as part of the UK's response to China’s imposition of new national security laws on Hong Kong...more
The UK Government has issued sanctions for the first time under the new global human rights sanctions regime against individuals and organisations responsible for human right violations. This is the first wave of designations...more
Members of the UK Houses of Commons and Lords have made the case for the country's Magnitsky sanctions regime to be harmonised with that of other allied countries to include people involved in corruption in addition to human...more
The UK’s consumer sector has shown resilience against the backdrop of challenging political and economic conditions. Consumers in the UK remain willing to spend; however, the way in which they do so is changing, with...more
2/19/2020
/ Arbitration ,
B2B Transactions ,
Consumer Protection Laws ,
Customs ,
Data Privacy ,
Doing Business ,
E-Commerce ,
Exports ,
Financial Services Industry ,
Imports ,
Intellectual Property Protection ,
Ownership of Works ,
Payment Systems ,
Real Estate Market ,
Regulatory Oversight ,
Regulatory Standards ,
Strict Product Liability ,
Supply Chain ,
Tariffs ,
UK
Earlier this month, France, Germany and the UK triggered the dispute process under the Iran nuclear deal, saying they had been "left with no choice" after Iran decided to further reduce compliance with the agreement. The...more
1/29/2020
/ Consultation Periods ,
Cooperative Compliance Regime ,
Dispute Resolution ,
EU ,
Failure to Comply ,
Foreign Policy ,
Foreign Relations ,
France ,
Germany ,
Iran ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Nuclear Weapons ,
The Joint Commission ,
Trump Administration ,
UK