Sanctions: the law, enforcement and the right response

This article  outlines UK and European law relating to sanctions. Explained are  the legal framework, the offences and the penalties that can be imposed, how the law is enforced by the relevant authorities, and how best to respond to the prospect of a sanctions-related investigation.

1. Introduction

There is little doubt that the issue of sanctions has come to increasing prominence in the wake of Russia’s 2022 invasion of Ukraine. As a result, the sanctions landscape has undergone change, with increased enforcement activity. As sanctions can have legal, commercial and reputational implications for financial institutions, corporates and other entities and individuals, anyone that is affected by sanctions has to make sure they devise and undertake the most appropriate response.

2. Sanctions and the UK

The UK can impose financial sanctions, trade sanctions (including arms embargoes and other trade restrictio...

Verder in dit artikel:

1. Introduction

2. Sanctions and the UK

2.1. Civil Enforcement

2.2. Criminal Enforcement

2.3. Sanctions and Money Laundering Implications

3. Sanctions and the European Union

3.1. Enforcement

4. The most appropriate response

5. Co-operation and Internal Investigations

6. The Value of Best practice

7. Conclusion