BCL’s John Binns, Anoushka Warlow and Umar Azmeh will be delivering a webinar in partnership with Lexology, 12th October, 03:00 – 04:00 PM BST, titled ”The United Kingdom’s sanctions regime: navigating an ever-moving horizon”.
Here’s a brief description of the webinar’s topic:
Prior to its departure from the European Union, the UK sanctions laws were largely derived from the decisions of the EU institutions. That of course changed with Brexit, with the UK seeking to develop an independent and pioneering sanctions framework. A major test of this was the Russian invasion of Ukraine in early 2022. Using enabling primary legislation – the Sanctions and Anti-Money Laundering Act 2018 – and regulations, the UK rapidly sanctioned a large number of individuals and entities. However, core elements of its new regime are opaque which raise significant difficulties for designed persons and their professional advisors, elements that may only become clear following challenges.
During this webinar we will analyse key aspects of the UK sanctions regime as it applies to designated persons and associated businesses, including:
- The Russia Regulations including the politics and de-risking
- The nuts and bolts of the prohibitions
- General licensing
- Civil penalties
Issues for designated persons and associated businesses:
- Specifics of licensing
- Potential challenges (ministerial reviews and court challenges)
- Coordination with other jurisdictions