Financial sanctions compliance resources

The following Risk & Compliance practice note provides comprehensive and up to date legal information covering:

  • Financial sanctions compliance resources
  • Risk assessment
  • Policies
  • Screening
  • Breaches
  • Training and awareness
  • Monitoring and review
  • Other

Financial sanctions compliance resources

This Practice Note provides a summary of and links to financial sanctions compliance resources available in Lexis®PSL which are intended to support organisations in complying with sanctions regimes and requirements.

ResourceSummary
Message from CEO/Senior Member/Senior Partner on the introduction of a financial sanctions policyThis Precedent is an example statement which can be circulated to staff by the CEO / Senior Member / Senior Partner when introducing a new financial sanctions policy. It highlights the importance of a financial sanctions policy and the consequences of non-compliance. This sort of endorsement of a policy at senior level will help evidence senior management involvement in approving and taking responsibility for policies and procedures.
Memorandum to board/senior management accompanying financial sanctions policyThis Precedent memorandum alerts and communicates to an organisation’s board of directors or senior management committee the main provisions of the financial sanctions regime. The memorandum is intended to accompany a financial sanctions policy sent to the board or senior management committee for their information and review. The main provisions of the Sanctions and Anti-Money Laundering Act 2018 (SAMLA 2018) and the Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019, SI 2019/577, licences and breach reporting and the consequences of non-compliance are set out in the appendix to the memorandum.

Risk assessment

ResourceSummary
Financial sanctions risk assessmentThis Precedent

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