UK Sanctions Bill

Posted on: 20/10/2017

The Sanctions and Anti-Money Laundering Bill was introduced into the House of Lords in 18th October 2017.  The Government’s press release states that the Bill "ensures that when the UK leaves the EU, we can continue to impose, update, and lift sanctions and Anti-Money Laundering (AML) regimes”.

 

Background: Many of the current sanctions regimes are established via powers in the European Communities Act 1972 (ECA).  The will need new legal powers to replace these once the ECA is repealed. The European Union (Withdrawal) Bill will not provide the powers necessary to update, amend or lift sanctions after exit day in response to fast moving events. This would leave the UK in breach of its international obligations and unable to work effectively with our European and international partners to tackle shared challenges. Read More

 

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