This is the first post in a series which considers the future of
the United Kingdom's sanctions policy following its withdrawal
from the European Union. In this post, we consider the status of UK
sanctions policy following the passage of the Withdrawal Agreement
in UK Parliament.
HM Treasury's Office for Financial Sanctions Implementation
(OFSI) has recently issued guidance updated
guidance on financial sanctions following the withdrawal of the
United Kingdom from the European Union on 31 January 2020.
The key points that you will need to be aware of are:
- The Withdrawal Agreement between the
European Union and the UK provides for a 'transition
period' from 31 January 2020 until 31 December 2020.
