Found: The first legislation to go through Parliament in the Brexit process was the Sanctions and Anti-Money Laundering Act

Found: The Sanctions and Anti Money Laundering Act is relatively new, meaning there is no criminal case law

Found: being amended (S.I. 2020/705), explain why the procedure in section 55(3) of the Sanctions and Anti-Money Laundering Act

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, if he will bring forward secondary legislation under the Sanctions and Anti-Money Laundering Act 2018 to prevent the importation of goods from illegal Israeli settlements.

Answered by Douglas Alexander - Minister of State (Cabinet Office)

The Government does not comment on future sanctions measures, as to do so would reduce their impact.

The UK government considers Israeli settlements illegal under international law and goods produced in these settlements are not entitled to benefit from tariff and trade preferences under the UK’s current trade agreements with the Palestinian Authority and Israel.

We support accurate labelling of settlement goods, so as not to mislead the consumer. We routinely update our guidance to British businesses on the Overseas Business Risk website and advise British businesses to bear in mind the UK Government's view on the illegality of settlements under international law when considering their investments and activities in the region.

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, with reference to Section 51 of the Sanctions and Anti-Money Laundering Act 2018, what steps his Department has taken to help British Overseas Territories establish a publicly accessible register of the beneficial ownership of companies registered in their jurisdiction.

Answered by Stephen Doughty - Minister of State (Foreign, Commonwealth and Development Office)

The FCDO has funded an expert NGO, Open Ownership, to provide technical assistance to Overseas Territory governments to establish publicly accessible registers of beneficial ownership (PARBO). The UK Government has also provided legal drafting assistance to some OTs and funding to Montserrat for costs associated with implementing their publicly accessible register. I have written to all OT Leaders and Governors including in person meetings over the last few days with the Governments in Anguilla and BVI, setting out my expectations of urgent progress. I was delighted Montserrat launched their PARBO on 11 October.

Since 2023, the UK has held several technical workshops on beneficial ownership with Overseas Territories. The most recent on 31 October 2024, following discussions between officials at the 'UK-OT Illicit Finance Dialogue' held on 07-09 October.

I look forward to further discussions at the Joint Ministerial Council in late November, where this will feature on the agenda.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to ensure effective enforcement of the UK's financial sanctions regime for UK companies suspected of breaching sanctions on Russian oil.

Answered by Tulip Siddiq

The action taken by the UK and its Coalition partners to limit Russian energy revenues is having a significant impact, with data from Russia’s Ministry of Finance showing there was a 30% reduction in Russian government tax revenues from oil in 2023 compared to 2022.

HM Treasury’s Office of Financial Sanctions Implementation (OFSI) is the authority responsible for implementing financial sanctions and the Oil Price Cap. OFSI takes a proactive enforcement approach based on its enhanced intelligence and monitoring capabilities, and is currently undertaking a number of investigations into suspected breaches of the price cap, using powers under the Sanctions and Anti Money Laundering Act (SAMLA) to request information and working closely with our international partners in the G7+ Oil Price Cap Coalition.

Industry compliance is further strengthened through guidance and alerts, for example the compliance and enforcement alert issued in February 2024 on the Oil Price Cap, which highlighted to industry red flags for sanctions evasion.

Enforcement outcomes are never immediate, as complex investigations, including following due process, take time. The length of OFSI’s investigation process is consistent with international standards. OFSI assesses every instance of reported non-compliance and takes action in all cases where it is appropriate to do so. This was demonstrated by OFSI’s penalty against the British company Integral Concierge Services Limited on 27 September, for committing serious breaches of UK sanctions imposed as a result of Russia’s illegal invasion of Ukraine in 2022.

The UK has also taken action directly targeting shadow fleet vessels and entities that seek to undermine UK sanctions and facilitate the trade and transportation of Russian oil and oil products.

Found: evasion, terrorist financing or breaching of sanctions imposed by regulations under the Sanctions and Anti-Money Laundering Act

Found: The Secretary of State(1), considering that the condition in section 45(2) of the Sanctions and Anti-Money Laundering Act

Found: whether the individual is a designated person as defined by section 9(2) of the Sanctions and Anti-Money Laundering Act

Found: OFSI's statutory information sharing powers are set out in each of the Sanctions and Anti-Money Laundering Act

Found: has the power to issue General Licences for country sanctions regimes under the Sanctions and Anti-Money Laundering Act

Found: has the power to issue General Licences for country sanctions regimes under the Sanctions and Anti-Money Laundering Act

Found: has the power to issue General Licences for country sanctions regimes under the Sanctions and Anti-Money Laundering Act

Found: act-2000 Page 13 of 39 3.3 - Counter -Terrorism Sanctions in the UK The Sanctions and Anti -Money Laundering Act

Found: has the power to issue General Licences for country sanctions regimes under the Sanctions and Anti-Money Laundering Act

Found: has the power to issue General Licences for country sanctions regimes under the Sanctions and Anti-Money Laundering Act

Found: Autonomous Sanctions Regulations” means Those sanctions regulations made under the Sanctions and Anti-Money Laundering Act

Found: has the power to issue General Licences for country sanctions regimes under the Sanctions and Anti-Money Laundering Act

Found: OFSI's statutory information sharing powers are set out in each of the Sanctions and Anti-Money Laundering Act

Found: has the power to issue General Licences for country sanctions regimes under the Sanctions and Anti-Money Laundering Act

Found: has the power to issue General Licences for country sanctions regimes under the Sanctions and Anti-Money Laundering Act

Found: has the power to issue General Licences for country sanctions regimes under the Sanctions and Anti-Money Laundering Act

Found: DBT develops and implements trade sanctions under the Sanctions and Anti-Money Laundering Act 2018 on

Found: serious crime, and state threats are becoming 105 Reg.6. 106 Section 62(1) Sanctions and Anti -Money Laundering Act

Found: behaviour not to outlaw the designated entity entirely. 105 Reg.6. 106 Section 62(1) Sanctions and Anti-Money Laundering Act

Found: evasion, terrorist financing or breaching of sanctions imposed by regulations under the Sanctions and Anti-Money Laundering Act

Found: DBT develops and implements trade sanctions under the Sanctions and Anti-Money Laundering Act 2018 on

Found: The Sanctions and Anti - Money Laundering Act 2018 (“SAMLA”) makes clear that UK sanctions do not apply