UK to Publish Bridging Document to Help Industry Process Sanctions Changes After Brexit
The United Kingdom’s Office of Financial Sanctions Implementation will publish a “bridging document” to help traders process changes to its sanctions list after the Brexit transition period, according to a Dec. 18 press release. The document is “designed to facilitate…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
sanctions screening” and will update certain administrative fields, including identifying information for sanctions entries. The U.K. stressed that the bridging document is “not a substitute” for the U.K. sanctions list. “Use of the Bridging Document is voluntary and is provided after engagement with stakeholders to assist with updating automated screening processes,” the U.K. said. “It remains the responsibility of the person doing the sanctions screening to ensure that their screening is accurate.”