About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

How to Manage Dual Sanctions Compliance Post Brexit Addition of UK Regime to EU Regulation

Subscribe to our newsletter

Brexit created a number of regulatory compliance challenges for financial institutions in the UK, not least a change to sanctions regulation that is set out in the Sanctions and Anti-Money Laundering Act 2018, and is fundamentally different to EU sanctions regulation. If your organisation falls within scope of the new UK sanctions regime or both the UK and EU regimes, how can you ensure compliance and avoid punitive fines for breaching sanctions?

This question and many more will be answered in A-Team Group’s 11 March 2021 webinar,  The post-Brexit UK sanctions regime – how to stay safe and compliant. Haider Mannan, regulatory specialist at SIX, and a participant in the webinar, notes the need to reengineer systems and processes to ensure UK sanctions information published by the Office of Financial Sanctions Implementation (OFSI)) is ingested, monitored and acted on as necessary by investment firms.

He says: “We now have a dual sanctions process, with two decision points based on two regulatory frameworks with divergent data points. It is a firm’s responsibility to ensure that wherever it is doing business it complies with relevant regulation. In many cases, firms will be affected by both the UK and EU regulations.”

Firms in the EU doing business in the UK will be subject to the UK sanctions regime, while firms in the UK doing business in the EU will be subject to both regimes. Adding to the complexity, firms must carry out ongoing due diligence on all new and existing instruments, whether traded directly or indirectly, to ensure they know who is materially in control of the instruments. “These linkages are very important to deciding whether an instrument is prohibited from trading,” comments Mannan.

With so much at stake, firms need to move on from manual processes used to identify sanctioned securities – which can lead to erroneous decisions, trading sanctioned securities and criminal penalties – to automated services that provide a watertight process of identification. With automated sanctions solutions in place, firms can gain business benefits beyond compliance.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Navigating the Future of Regulatory Reporting: Insights from Industry Leaders

The landscape of regulatory reporting in capital markets is in constant flux, shaped by technological change, evolving compliance demands, and industry cost pressures. A recent webinar, Best Approaches for Trade and Transaction Reporting, hosted by A-Team Group in September 2025 and sponsored by the Derivatives Service Bureau, brought together senior RegTech executives and compliance practitioners...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...