HM Treasury announces an Office for Financial Sanctions Implementation

July 15, 2015

In the Budget of 8 July 2015, HM Treasury announced the establishment this year of an Office of Financial Sanctions Implementation, with the aims of strengthening both the service to the private sector and UK’s implementation and enforcement of financial sanctions. At the same time, an intention to increase the penalties for non-compliance with sanctions was announced. This article considers what this means for firms, and for the UK’s view of the role of sanctions looking forward.

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