UK Imposed Sanctions Archives

UK Financial Conduct Authority publishes report indicating that financial institutions must do more to prevent sanctions breaches: key takeaways

May 29, 2026 By Tristan Grimmer (UK), Mark Simpson (UK), Sven Bates (UK), Caitlin McErlane (UK), Philip Annett (UK), Julian Godfray (UK) and Johanna Asplund (UK) 9 Mins Read

On 28 May 2026, the UK Financial Conduct Authority (“FCA”) published a detailed report outlining steps that financial institutions take to comply with sanctions requirements, including examples of good and poor practice. The report addresses both financial and trade sanctions measures, with financial institutions managing risks arising from their own activities and those of their customers. The report follows the FCA’s engagement with over 150 FCA-supervised firms since February 2022, and builds upon the FCA’s…

UK Expands Russia Sanctions Regime and Issues New General Licences for LNG Maritime Transportation and Processed Oil Products

May 20, 2026 By Ben Smith (UK), Kelvin Hong (UK) and Sophie Armstrong (UK) 6 Mins Read

On 19 May 2026, the UK Government published the Russia (Sanctions) (EU Exit) (Amendment) Regulations 2026 (SI 2026/543) (the “Amendment Regulations”), introducing numerous amendments to the Russia (Sanctions) (EU Exit) Regulations 2019 (the “Regulations”). The Amendment Regulations introduce certain new trade prohibitions and expand existing controls across the Russia sanctions regime. The Amendment Regulations come into force on 20 May 2026 and, in short, include: Supplementing this, the Office of Trade Sanctions Implementation (“OTSI”) issued…

OFSI expands “prior obligations” licensing ground and updates UK Financial Sanctions FAQs

May 20, 2026 By Tristan Grimmer (UK), Michael Amberg (UK) and Samuel Ashford (UK) 2 Mins Read

The UK’s Office of Financial Sanctions Implementation (OFSI) has introduced The Sanctions (EU Exit) (Miscellaneous Amendment) Regulations 2026 (the “Regulations”), which came into force on 13 May 2026. The Regulations create new powers for the UK government to impose licensing requirements on exports where it considers there is a high risk of the goods or related technology being diverted to a sanctioned person or destination. For further details about the Sanctions End-Use Controls and other…

UK introduces Sanctions End‑Use Controls

April 27, 2026 By Ben Smith (UK), Courtney Mackness (UK) and Samuel Ashford (UK) 4 Mins Read

The UK Government has introduced the Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2026 (the “Regulations”), which will come into force on 12 May 2026 (see here). The Regulations introduce Sanctions End-Use Controls (“SEUC”), a new licensing requirement which the UK Government can use to impose licensing requirements on exports where it considers there is a high risk of the goods or related technology being diverted to a sanctioned person or destination. What are Sanctions End‑Use…