FIN.

Sanctions changes take effect

Two sets of amendments to the sanctions regime have been published, one of which took effect on 16 May and the other taking effect from 5 June. They  make changes to several sets of regulations in respect of various current sanctions regimes to:

  • introduce a new power to designate persons for the purpose of disqualifying them from being a director of a company or directly or indirectly taking part in or being concerned in the promotion, formation or management of a company;
  • amend provisions relation to enforcement of trade sanctions;
  • include immigration sanctions into the counter-terrorism sanctions regime
  • amend the sanctions in relation to Belarus to introduce new reporting obligations and trade prohibitions; and
  • revoke the sanctions regulations relating to Burundi.

 

Emma Radmore