Global Sanctions guide

The third edition includes changes to the UK sanctions regime with the implementation of autonomous sanctions regimes under the Sanctions and Anti-Money Laundering Act 2018 ("SAMLA") following the end of the Brexit transition period. As of 23.00 GMT 31 December 2020, the UK is no longer subject to EU sanctions, though many EU sanctions have continued in effect as retained EU law under the EU (Withdrawal) Act 2018. The end of the transition period has a knock-on effect in the British Virgin Islands and Bermuda, jurisdictions that implement UK sanctions. The update also includes the steps taken in these jurisdictions to give effect to the new UK regime.

The update also covers significant changes to sanctions regimes imposed in the Middle East in relation to Qatar. At the GCC Summit in January 2021, Saudi Arabia, the UAE, Bahrain and Egypt reached a formal agreement to end the air, land and sea blockade imposed on Qatar.

There have also been changes to the details of some of the contributing law practices to our guide.