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Economic Crime (Transparency and Enforcement) Act 2022: sanctions update

25 March 2024 / Author(s): Michael Lyons , Ellen Lake , Hannah Ovaisi , Miranda Harrison
Issue: June 2022 / Categories: In Practice
Company: Clifford Chance

There have long been calls for reform of the existing economic crime regime in the UK. Recent events in Ukraine have pushed this to the fore. As part of the UK government’s response, the Economic Crime (Transparency and Enforcement) Act 2022 (the Act) was fast-tracked through Parliament and received Royal Assent on 15 March 2022. The Act has a number of significant implications in relation to the UK sanctions regime, which we outline below.

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