October 23, 2017: Notice to Exporters 2017/22 – new UK AML & Sanctions bill

The Sanctions and Anti-Money Laundering Bill was introduced in Parliament on Wednesday 18 October 2017, following a public consultation earlier this year.

More information including the text of the bill can be found here.

The new legislation will give the UK the necessary legal powers to continue to implement sanctions and introduce tough new measures post-Brexit against states such as North Korea and terrorist organisations including Daesh. It will also enable us to maintain existing sanctions regimes currently imposed through EU law, while providing the necessary legal underpinning for the UK to decide when and how to take action against new threats.

This is an important step in ensuring that the UK continues to meet its international obligations and work with allies in tackling shared threats once the UK has left the European Union.

Link:

Notice to Exporters 2017/22

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