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…
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…
On 22 April 2026, the Syria (Sanctions) (EU Exit) (Amendment) Regulations 2026 (the “Syria Amendment Regulations”) came into force, amending the Syria (Sanctions) (EU Exit) Regulations 2019 (the “Syria Sanctions”) to remove trade restrictions relating to luxury goods, gold, precious metals and diamonds. What have the Syria Amendment Regulations changed? The Syria Amendment Regulations have amended UK Syria Sanctions to remove the definitions of “gold, precious metals or diamonds” and “luxury goods” in their entirety.…
On 15 April 2026, the UK Office of Financial Sanctions Implementation (“OFSI”) published a strategy document setting out its intentions for 2026-29, and marking its 10 year anniversary. The strategy document establishes a framework built around the following pillars: In particular, OFSI has set itself a number of KPIs that signal its direction of travel. In particular, these include the following: OFSI has committed to monitor its progress against the KPIs, and to update where…