International sanctions
It's essential you understand how sanctions may affect your business. We can help you understand how to comply with them.
We have a zero-tolerance policy toward financial crime. This includes breaches of sanctions and attempts to bypass our financial crime controls.
Who can apply sanction measures?
- Individual countries.
- International bodies.
- Regional bodies.
Sanctions may be targeted such as limiting trade of certain goods to prevent misuse. They can be broader, restricting the movement of money to particular jurisdictions. And they can also determine who you can do business with.
Why are sanctions used?
- To target conflict or aggression.
- To target terrorism or criminal behaviour.
- To target violations of human rights.
- To encourage a behaviour change in a country or regime.
Which (if any) sanctions you need to consider will depend on:
- the type of business you do
- the places you operate
- the people you work with.
The changing nature of the political landscape means new sanctions may be introduced at any time. So, stay vigilant and regularly check for any changes. Your proactive approach is key to maintaining your business’s compliance.
To make it easier for you to keep up to date, we’ve included links below:
UK Government - gov.uk/government/collections/financial-sanctions-regime-specific-consolidated-lists-and-releases
U.S. Department of the Treasury Office of Foreign Assets Control - home.treasury.gov/policy-issues/office-of-foreign-assets-control-sanctions-programs-and-information
United Nations Security Council - un.org/securitycouncil/sanctions/information
European Commission - ec.europa.eu/info/business-economy-euro/banking-and-finance/international-relations/restrictive-measures-sanctions_en