Sanctions and Anti-Money Laundering Act 2018
| Jurisdiction | UK Non-devolved |
| Citation | 2018 c. 13 |
| Year | 2018 |
Sanctions and Anti-Money Laundering Act 2018
2018 CHAPTER 13
An Act to make provision enabling sanctions to be imposed where appropriate for the purposes of compliance with United Nations obligations or other international obligations or for the purposes of furthering the prevention of terrorism or for the purposes of national security or international peace and security or for the purposes of furthering foreign policy objectives; to make provision for the purposes of the detection, investigation and prevention of money laundering and terrorist financing and for the purposes of implementing Standards published by the Financial Action Task Force relating to combating threats to the integrity of the international financial system; and for connected purposes.
[23rd May 2018]
B
e it enacted
by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
Modifications etc. (not altering text)
C1
Pt. 1: power to amend conferred (15.3.2022) by Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 66(1)(a), 69(3)
(1)
An appropriate Minister may make sanctions regulations where that Minister considers that it is appropriate to make the regulations—
(a)
for the purposes of compliance with a
UN
obligation,
(b)
for the purposes of compliance with any other international obligation, or
(c)
for a purpose within subsection (2).
(2)
A purpose is within this subsection if the appropriate Minister making the regulations considers that carrying out that purpose would—
(a)
further the prevention of terrorism, in the United Kingdom or elsewhere,
(b)
be in the interests of national security,
(c)
be in the interests of international peace and security,
(d)
further a foreign policy objective of the government of the United Kingdom,
(e)
promote the resolution of armed conflicts or the protection of civilians in conflict zones,
(f)
provide accountability for or be a deterrent to gross violations of human rights, or otherwise promote—
(i)
compliance with international human rights law, or
(ii)
respect for human rights,
(g)
promote compliance with international humanitarian law,
(h)
contribute to multilateral efforts to prevent the spread and use of weapons and materials of mass destruction, or
(i)
promote respect for democracy, the rule of law and good governance.
(3)
Regulations under this section must state the purpose (or purposes) of the regulations, and any purpose stated must be—
(a)
compliance with a
UN
obligation, or other international obligation, specified in the regulations, or
(b)
a particular purpose that is within subsection (2).
(4)
F1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5)
In this section “
sanctions regulations
” means regulations which do one or more of the following—
(a)
impose financial sanctions (see section 3);
(aa)
F2
impose director disqualification sanctions (see section
3A
);
(b)
impose immigration sanctions (see section 4);
(c)
impose trade sanctions (see section 5 and Schedule 1);
(d)
impose aircraft sanctions (see section 6);
(e)
impose shipping sanctions (see section 7);
(f)
impose sanctions within section 8 (other sanctions for purposes of
UN
obligations);
(g)
make supplemental provision in connection with any provision of the regulations or other regulations made under this section.
(6)
In this section “
supplemental provision
” includes any provision authorised by any other provision of this Act to be made by regulations under this section (see in particular sections 9 to 17, 19 to 21 and 54).
(7)
In this Act any reference to a...
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