Financial sanctions—offences
Produced in partnership with Dentons
Financial sanctions—offences

The following Corporate Crime practice note produced in partnership with Dentons provides comprehensive and up to date legal information covering:

  • Financial sanctions—offences
  • Financial sanctions and legislative regime during the implementation period
  • Offences relating to financial sanctions
  • Scope of financial sanctions offences
  • Definitions
  • Exclusions and defences
  • Licences
  • Exceptions
  • Defences
  • Penalties for breach of financial sanctions
  • More...

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for corporate crime?

Financial sanctions and legislative regime during the implementation period

As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. This has an impact on this Practice Note. For further guidance, see Practice Notes: Brexit—introduction to the Withdrawal Agreement and Development of sanctions regime in the UK post Brexit—timeline as well as Brexit Bulletin—key updates, research tips and resources.

Financial sanctions prohibitions are set out in EU Regulations and relevant UK Statutory Instruments (SIs) relating to the country-specific sanctions regime. There is a relevant SI for each of the sanctions regimes in place (for example, see the Libya (European Union Financial Sanctions) Regulations 2016, SI 2016/45). In accordance with the terms of the

Related documents:

Popular documents