UK Act of Parliament 2018 United Kingdom

Sanctions and Anti-Money Laundering Act 2018

What this means for your business

10 guides
Enforced by
FCA, ECJU
Applies to
United Kingdom
On this page
10 practical guides across 4 topics
Read full text on legislation.gov.uk

Practical guidance

Our guides explain how to comply with the requirements above.

Sections and provisions

70 classified provisions from this legislation.

Duties 6

  • s.11 Designation of a person by name under a designation power
  • s.12 Designation of persons by description under a designation power
  • s.13 Persons named by or under UN Security Council Resolutions
  • s.33 Procedure for requests to ... appropriate Minister such request
  • s.43 Guidance about regulations under section 1
  • s.57 Duties to lay certain reports before Parliament: further provision

Offences and penalties 4

  • s.17A Enforcement: monetary penalties
  • s.17 Enforcement
  • s.18 Report in respect of offences in regulations
  • Schedule 2 Money laundering and terrorist financing etc

Powers 16

  • s.16 Information
  • s.19 Enforcement: goods etc on ships
  • s.20 Goods etc on ships: non-UK conduct
  • s.21 Extra-territorial application
  • s.22 Power to vary or revoke designation made under regulations
  • s.26 Power to revoke specification of ship made under regulations
  • s.31 Independent review of regulations with counter-terrorism purpose
  • s.32 Periodic reports on exercise of power to make regulations under section 1
  • s.35 Directions under section 34: further provision
  • s.39 Court reviews: further provision
  • s.41 Procedure for dealing with goods etc seized from ships
  • s.42 Suspension of prohibitions and requirements
  • s.47 Power to amend Part 1 so as to authorise additional sanctions
  • s.48 Power to make provision relating to certain appeals
  • s.63 Extent
  • s.64 Commencement

Definitions 22

  • s.1 Power to make sanctions regulations sanctions regulations UN obligation UN Security Council Resolution
  • s.3 Financial sanctions
  • s.5 Trade sanctions
  • s.6 Aircraft sanctions disqualified aircraft airport the CAA
  • s.7 Shipping sanctions disqualified ships British ship the Registrar
  • s.8 Other sanctions for purposes of UN obligations
  • s.9 “Designated persons” designated persons the regulations
  • s.10 Designation powers: general
  • s.14 “Specified ships” specified ships the regulations
  • s.23 Right to request variation or revocation of designation the designated person the Minister relevant designation
  • s.25 Right of UN-named person to request review
  • s.37 Rights of UN-named person on EU sanctions list relevant time
  • s.45 Revocation and amendment of regulations under section 1
  • s.49 Money laundering and terrorist financing etc terrorist financing money laundering
  • s.50 Reports on progress towards register of beneficial owners of overseas entities a register of beneficial owners of overseas entities
  • s.51 Public registers of beneficial ownership of companies registered in British Overseas Territories British Overseas Territories a publicly accessible register of the beneficial ownership of companies
  • s.52 Crown application
  • s.53 Saving for prerogative powers
  • s.60 Meaning of “funds”, “economic resources” and “freeze” funds economic resources
  • s.61 Meaning of “financial services” and “financial products” financial services financial trading financial products
  • ... and 2 more definitions

Exemptions 4

  • s.15 Exceptions and licences
  • s.44 Protection for acts done for purposes of compliance
  • s.54 Regulations: general
  • s.55 Parliamentary procedure for regulations