Brexit and its Effect on the UK Sanctions Regime

Countries’ sanctions regimes are always closely related to politics and foreign policy. Hence, international sanctions will be one of the areas where U.K. will exercise its post-Brexit sovereignty to the fullest. The British government has already prepared the grounds for its autonomous sanctions regime by adopting the Sanctions and Anti-money Laundering Act in 2018.

Currently, the U.K. sanctions policy is largely determined by the EU sanctions regime. During the transition period ending December 31, 2020 the situation will remain the same. This will give time for the British government to enact its own detailed autonomous sanctions regulations. If some aspects of the EU sanctions regime have not been addressed explicitly through regulations by 31 December 2020, they would continue as retained EU law under the EU (Withdrawal) Act 2018. The government will directly implement UN sanctions in UK domestic law after the transition period.

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• Brexit and its Effect on the UK Sanctions Regime, Risk & Compliance Plaform Europe