This subtopic contains guidance on sanctions and the systems and controls required to help you comply. It contains flowcharts covering key processes and helpful checklists. Finally, it contains Precedents covering senior management responsibility, risk assessment, policies, screening, breaches, training and monitoring.
‘Sanctions’ is the term used for a range of measures designed to have an adverse impact on foreign countries or designated persons (individuals or corporate bodies) for one or more specified purposes (often foreign policy, sometimes counter-terrorism). The measures apply prohibitions and requirements on the targets directly, but also on third parties who trade or otherwise deal with them. For detailed guidance, see Practice Note: International sanctions—an introductory guide—What are sanctions?
Sanctions designations are a central mechanism used by the UN, the UK and the EU to restrict the activities of individuals and entities associated with threats to international peace, security or other specified objectives. See Practice Note: Designation of sanctions targets under the UN sanctions, UK sanctions and EU sanctions regimes.
The types of measures that may be imposed include:
financial sanctions
director disqualification sanctions
immigration...
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