UK International Sanctions Bill

Posted on: 29/06/2017

HM Treasury has made public the responses it received to its December 2016 consultation on “The process for imposing monetary penalties for breaches of financial sanctions”, in response to a freedom of information request.  It has redacted all identifying information. A link to the responses is here, and the Treasury’s own response to the consultation is here.

On the 21st June 2017 the Queen’s Speech (link here) had included the International Sanctions Bill among the new Brexit-related draft legislation, which will “support our role as a permanent member of the UN Security Council and a leading player on the world stage, by establishing a new sovereign UK framework to implement international sanctions on a multilateral or unilateral basis. The Bill will return decision-making powers on non-UN sanctions to the UK, and enable the UK’s continued compliance with international law after the UK’s exit from the EU.  Prime Minister Theresa May announced that a new international sanctions bill will form part of the UK’s legislative programme “geared towards making a success of Brexit”, to allow the UK “to continue to comply with our international obligations”.

 

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