UK Law Society Issues Guidance on Working With Sanctioned Clients
The Law Society of England and Wales recently issued guidance on working with clients on sanctions lists, a June 12 EU Sanctions blog post said. Attorneys should first ensure they do not have a “false-positive identification” and work to confirm…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
their client is on a sanctions list, the society said. If the client is confirmed to be subject to sanctions, “suspend the transaction” and report it to the government or a money laundering compliance officer, the society said. Attorneys are required to “report sanctions-related information” to the United Kingdom’s Office of Financial Sanctions Implementation, the guidance said: not doing so could lead to a penalty or criminal prosecution. Licenses may be available in certain situations, it added.