Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Sanctions definition

What does Sanctions mean? Sanctions are the penalties or procedural consequences a court imposes in civil litigation when a party fails to comply with procedural rules, practice directions or court orders. Common sanctions include striking out or dismissing a claim or defence, debarring a party from relying on evidence or experts, costs orders (including indemnity or wasted costs), stays, unless orders with automatic strike-out on non-compliance, and, in serious cases, contempt remedies. In England and Wales, sanctions are imposed under the Civil Procedure Rules (for example CPR r.3.1, r.3.4, r.3.5, r.32.10 and r.3.14). A party may seek relief from sanctions under CPR r.3.9,...

UK Financial Sanctions Compliance Policy for Legal Practices: Screening, Counterparty Checks, OFSI Reporting, OFSI Licences, Training and Governance

Published by a LexisNexis Practice Compliance expert

Precedents

1 Introduction

This financial Sanctions Policy outlines the procedures we have put in place to meet financial sanctions obligations under the UK sanctions regime that apply to our business across each Jurisdiction in which we operate.

2 What are financial sanctions?

Financial sanctions are temporary international restrictions intended to:

encourage a shift in the behaviour of a specific country or regime;
apply pressure on certain countries or regimes to achieve stated objectives;
prevent and suppress the financing of terrorism.

Financial sanctions are also used as an enforcement measure of last resort when international peace and security have been threatened.

They limit dealings in Money and the provision of financial services, and can include prohibiting transfers of funds to or from certain countries, individuals, or entities.

They are designed to create an adverse effect on persons (individuals or corporate entities) that are designated or, for some sanctions, connected with a prescribed country, in several different ways...

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Web page updated on 22/05/2026

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