Update to the Syria Sanctions Regime Yesterday, 24 April, the UK Government announced amendments under the Syria (Sanctions) (EU Exit) Regulations 2019. The amendments will remove UK restrictions on some sectors, including financial services and energy production, helping to facilitate essential investment in Syriaâs energy infrastructure and supporting the Syrian people to rebuild their country and economy. These amendments will help UK businesses to engage with certain sectors of the Syrian economy, including finance, trade, energy and transport (aircraft). However, UK businesses must conduct their own due diligence to ensure that they are not in breach of other measures, including counter terrorism finance measures and other international sanctions. Further guidance can be found here Syria sanctions: guidance - GOV.UK. Amendments to UK legislation will also allow the UK to sanction people for the purposes of holding Assad and his associates accountable for their atrocious actions against the people of Syria. Communications: The UK Sanctions List from FCDO lists which people, entities and ships are designated or specified under the Sanctions and Anti-Money Laundering Act 2018, and why. The OFSI Consolidated List from HMT provides information relating to asset freeze and investment ban targets across all financial sanctions regimes implemented in the UK. Contact us and find Support here: UK sanctions - GOV.UK This is a joint announcement from: Foreign, Commonwealth, and Development Office // Office of Financial Sanction Implementation // Office of Trade Sanction Implementation |