Guidance

Post EU Exit: Financial sanctions - General Guidance

General guidance on Financial Sanctions for when the UK leaves the EU.

Documents

Post EU Exit: Financial Sanctions - General Guidance

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Details

The Sanctions and Anti-Money Laundering Act 2018 (SAMLA) will enable sanctions to continue uninterrupted when the UK leaves the EU. Secondary legislation under SAMLA, in the form of Statutory Instruments (SIs), will transfer existing EU sanctions into UK law.

The UK continues to be bound by EU and UN sanctions. These SIs do not come into force on Exit Day unless the UK leaves the EU without a deal.

To facilitate implementation, the Foreign and Commonwealth Office has published statutory guidance on these regimes. OFSI has also published updated general guidance on financial sanctions for information purposes.

This guidance does not currently apply and will only become operational when the SIs come into force. This is therefore for information only.

Published 1 February 2019