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ARTICLE · 01 JUNE 2018

Financial Regulatory Developments Focus — Issue 21 May 31, 2018

A&O Shearman
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On May 23, 2018, the Sanctions and Anti-Money Laundering Act 2018 received Royal Assent and came partly into force on May 23, 2018. The majority of the provisions of the Act will enter into force ...

GlobalFinance and Banking
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In this week's newsletter, we provide a snapshot of the principal U.S., European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and corporates.

AML/CTF, Sanctions and Insider Trading

UK Sanctions and Anti-Money Laundering Act 2018 Receives Royal Assent

On May 23, 2018, the Sanctions and Anti-Money Laundering Act 2018 received Royal Assent and came partly into force on May 23, 2018. The majority of the provisions of the Act will enter into force on a day appointed by the Secretary of State. The Act will provide a domestic sanctions framework after the U.K. leaves the EU, enabling the U.K. to continue to meet its international obligations and use sanctions as a national security and foreign policy tool.

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