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
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