Sanctions compliance

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This Overview is a guide to the Lexis+® UK Financial Services subtopic Sanctions compliance and includes links to appropriate materials. UK sanctions obligations apply to all businesses and persons in the UK; this sub-topic focuses on the implications for firms regulated by the Financial Conduct Authority (FCA) under the Financial Services and Markets Act 2000 (FSMA 2000), cryptoasset firms registered with the FCA under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, SI 2017/692 (MLRs), and payments and e-money firms supervised by the FCA (herein referred to as firms), in their compliance with sanctions.

What are international sanctions?

Sanctions regimes are a tool of foreign policy affecting businesses or persons and are typically used where international peace and security is threatened. They can:

  1. •

    encourage a change in the behaviour, policy or activity of the target person, entity, government or country

  2. •

    apply pressure on a target to comply with certain objectives, and

  3. •

    enforce measures where diplomatic efforts have failed

Sanctions regimes are reviewed, lifted, revoked or adapted in the light of changes in the behaviour

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Latest Financial Services News

Financial Services—other developments (25/7/2025)

A round-up of other developments, which have not been covered in full by the LexisNexis Financial Services practical guidance team but may nevertheless be of interest.

ECON Committee proposes major changes to EU corporate sustainability reporting rules

The European Parliament's Committee on Economic and Monetary Affairs (ECON) adopted an opinion on 15 July 2025, proposing significant amendments to EU corporate sustainability reporting requirements. The opinion recommends increasing the reporting threshold to companies with over 5,000 employees and €450m in net worldwide turnover, replacing the current 1,000-employee threshold. For value chain reporting, companies would be prevented from seeking information from business partners below these thresholds, thereby significantly reducing reporting obligations.

IFRS Foundation publishes near-final guidance on reporting uncertainties in financial statements

The International Financial Reporting Standards (IFRS) Foundation has published near-final examples that illustrate how companies can improve disclosure of uncertainties in their financial statements, using climate-related scenarios as illustrations. Developed by the International Accounting Standards Board (IASB) in response to stakeholder feedback regarding insufficient uncertainty reporting, these examples are applicable to all types of uncertainties, not solely those related to climate. The IASB collaborated with the International Sustainability Standards Board (ISSB) to ensure alignment with sustainability disclosure requirements. Final examples are anticipated in October 2025.

European Commission publishes guidelines for green bond disclosure templates

The European Commission has published guidelines establishing voluntary pre-issuance disclosure templates for bonds marketed as either environmentally sustainable or sustainability-linked. These templates support the EU's objective of achieving climate neutrality by 2050 by standardising disclosures for issuers using the EU Taxonomy, thereby complementing the European Green Bond Standard and filling a market gap in demonstrating taxonomy-aligned bond proceeds allocation. The guidelines provide two detailed templates: one for environmentally sustainable bonds, which requires issuers to detail their environmental strategy, the intended allocation of bond proceeds, environmental impacts, and reporting commitments; and another for sustainability-linked bonds, which focuses on the environmental strategy, bond characteristics, performance indicators, and reporting requirements.

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