UK Sanctions - Latest Developments & Best Practice

Introduction

The pace of UK sanctions activity is unprecedented in the wake of the Russian invasion of Ukraine. Alongside this, the Office of Financial Sanctions Implementation (OFSI) has signalled that enforcement activity is on the rise.

It is vital that regulated firms of all sizes understand the scope of UK sanctions laws and how they affect practice day to day. Developing a sanctions policy is critical.

This webinar will provide an update on recent sanctions activity, with a focus on the enhanced sanctions relating to Russia and practical tips on what should feature in a sanctions policy.

What You Will Learn

This webinar will cover the following:

• A refresher on key sanctions concepts including who is the designated person and the prohibitions affecting professionals
• Recent sanctions laws passed in response to Russia
• Examples of sanctions breach
• Changes to the sanctions law following the Economic Crime (Transparency and Enforcement) Act 2002
• Sanctions reporting
• Sanctions licensing
• Enforcement examples
• Practical tips for a good sanctions policy

This webinar was recorded on 22nd August 2022