Sanctions: not just for banks…

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Some exporters might not be aware that they need to take financial sanctions into account when doing business. The Office of Financial Sanctions Implementation (OFSI) has updated its general guidance on this subject on GOV.UK:

Financial sanctions: guidance, FAQs and information on monetary penalties

Exporters will also be interested to know about certain regulatory changes regarding reporting obligations that came into effect on 8 August 2017. Read the HM Treasury bulletin:

Extended enforcement powers and updated guidance on financial sanctions

 

 

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