Sanctions

The UK Finance Sanctions offering is considered world leading and has a strong reputation as a focal point for industry-government dialogue and thought leadership on sanctions matters.

We work closely with a range of governments and international bodies such as the United Nations, the US government, and the European Commission. In the UK we work very closely with HM Treasury, the Office of Financial Sanctions Implementation (OFSI), the Foreign, Commonwealth and Development Office (FCDO), the Department for International Trade (DIT) and the Export Control Joint Unit (ECJU). We also work with leading global thinktanks, to ensure the concerns and ideas of members regarding sanctions issues are put forward. We advise, discuss and identify good practice to assist members with sanctions compliance. 

Through our monthly Sanctions Panel, we work extensively on mechanisms to improve the effectiveness of sanctions compliance. The government attends these panels and we also undertake significant engagement with EU and US counterparts. For UK Finance associate members, we host a bi-monthly sanctions panel which is modelled on the members’ panel. Both panels regularly generate working groups that come together to address a particular issue and work to provide a resolution.

Our Sanctions team provides frequent updates and communications on sanctions developments as well as horizon scanning for political, regulatory and legal changes that impact the sanctions arena.

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