Financial Crime World

UK Imposes Financial Sanctions and Embargoes to Promote Peace and Stability in Sudan

The United Kingdom has taken a significant step towards promoting peace and stability in Sudan by introducing a new sanctions regime aimed at addressing the country’s ongoing armed conflicts, humanitarian crises, and human rights abuses.

Background

On December 31st last year, the Sudan (Sanctions) (EU Exit) Regulations 2020 came into force, replacing existing EU legislation and UK regulations with substantially the same effect. The sanctions measures are designed to encourage the resolution of Sudan’s internal conflicts, stabilize the country, and promote respect for democracy, the rule of law, good governance, and humanitarian assistance activity.

Objectives

The regime seeks to ensure compliance with international humanitarian law applicable to the armed conflicts in Sudan and hold accountable those responsible for violations or abuses of human rights. The UK sanctions list now includes individuals designated under this regime, who are subject to various restrictions on their financial activities and transactions.

Compliance Requirements

To comply with these measures, financial institutions, businesses, and individuals must ensure they do not engage in any transactions or dealings that could potentially violate the sanctions regime. This includes:

  • Refraining from making funds or economic resources available to designated individuals
  • Prohibiting the export of goods, services, or technology to designated entities
  • Preventing the importation of goods, services, or technology from designated entities

Contact Information

For further information on the financial sanctions and embargoes imposed by the UK on Sudan, please contact:

Remember to stay informed and compliant with the UK sanctions regime on Sudan.