UK schedules release of new sanctions list

Although European Union sanctions continue to apply in the United Kingdom until 23:00 GMT on 31st December 2020, the UK has established a new sanctions list under under the Sanctions and Anti-Money Laundering Act 2018 (Sanctions Act). Currently the list is populated with designations under the new global human rights sanctions regime, but after 23:00 GMT on 31st December 2020, all those designated under regulations made under the Sanctions Act will be on this list. To read more about the new UK sanctions list, please see the following guidance sites:

• UK Sanctions List

• Sanctions policy after 31 December 2020

• Bridging Document

PST.AG is working to implement this new sanctions list and will notify our customers when it is available.