Whilst historically there have been relatively low levels of sanctions enforcement in the UK, in light of recent developments, in the coming months we expect to see more scrutiny in this area and increased enforcement activity in relation to sanctions breaches. In our latest briefing, first published on Thomson Reuters Regulatory Intelligence on 24th June 2022, we look at some of the key recent updates for regulated firms in relation to sanctions enforcement and set out some practical steps that firms can take now to reduce enforcement risk.
For further updates in this area please visit our Beyond Sanctions hub.