UK financial and trade sanctions compliance: practical guide for lawyers on due diligence, screening, reporting, licences, systems and penalties
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Practice notes
The sanctions regime applies to all businesses
This Practice Note sets out what that means for your organisation. See also Practice Note: Sanctions—systems and controls, which gives practical guidance on creating systems and controls to secure compliance with the financial sanctions regime.
What are sanctions?
Sanctions are international measures designed to:
- encourage a shift in the behaviour of a particular country or regime
- apply pressure on certain countries or regimes to meet specified objectives
- prevent and suppress the financing of terrorism
They are also deployed as a last‑resort enforcement tool where international peace and security are at risk. Sanctions can be directed at countries, regimes, organisations, individuals and entities. For fuller explanations, see Practice Notes: Understanding the financial sanctions regime and Understanding the UK trade sanctions regime.
The law
The sanctions regime applies to every business. Sanctions are commonly grouped by the nature of the prohibition:
- financial sanctions
- director disqualification sanctions
- trade sanctions
- immigration sanctions
- transport sanctions
Financial and trade sanctions are the most far‑reaching. Financial sanctions limit dealings in money and the provision of financial services—these can include prohibitions on transferring funds to or from specified countries, individuals or entities...
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Web page updated on 22/05/2026
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