In its 2015 Budget, the UK government announced that it would review the framework within HM Treasury for the implementation of financial sanctions, and consider how to strengthen the government’s ability to implement and enforce what it described as a “vital tool” in its national security interests.

The government stated that the review would take into account lessons from the structures in place in other countries, including the US Treasury’s Office of Foreign Assets Control.  It added that the review would examine how to “improve the service that HM Treasury provides to the private sector” and “maintain the integrity of, and confidence in, the UK financial services sector”.

This entry was posted in United Kingdom by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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