Following Russia’s invasion of Ukraine in February 2022, the UK has imposed an unprecedented level of financial sanctions against Russia. The new sanctions block dealings with many Russian banks and restrict many types of business interactions. Now, more than ever, it is important for businesses to keep track of sanctions and ensure their sanctions policy is up to date. It is increasingly expected that a firm must have a Sanctions Policy in place.
This draft sanctions policy is designed to ensure that you comply with applicable financial sanctions laws made under the UK sanctions regime. The template available here can easily be edited to suit your firm.
Policy documents can be time-consuming and difficult to prepare.
The Sanctions Policy includes reference to:
- Extension of Sanctions
- Implications of failure to comply
- Key Actions
- Monitoring and Reviews
Exclusions to note
Sample template bundles do not include a template to show the structure of the residential conveyancing department at a firm. The data protection policy template covers the requirements of CQS, however it is the responsibility of the firm to ensure it is compliant with the requirements of the General Data Protection Regulation.
All prices are plus VAT.