UK financial sanctions: the regime and the regulator

© 2009 Denton Wilde Sapte LLP. Emma Radmore is a senior associate and Tom Dunn is a lawyer in the Financial Services and Markets Group. Contact them on +44 (0) 20 7246 7000, or emma.radmore@dentonwildesapte.com or thomas.dunn@dentonwildesapte.com

Compliance with financial sanctions has made its way up the UK financial regulatory agenda. The Financial Services Authority (FSA) has increased its focus on preventing financial crime by focusing not only on money laundering and market abuse, but also on bribery and most recently financial sanctions controls. In this article Emma Radmore and Tom Dunn of Denton Wilde Sapte look at the effects of the UK’s financial sanctions regime on financial institutions and regulatory expectations for the regulated sector.