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Sanctions and Anti-Money Laundering Act 2018

2018 c. 13 · Enacted 23 May 2018 · Extends to United Kingdom

Not fully up to date. 1 change made by later legislation has not yet been written into this text, which is revised to 15 October 2026.

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ProvisionChangeMade by
s. 49modifiedFinancial Services and Markets Act 2023 s. 77(1)(2)
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]

Be 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:—

Contents

  1. Part 1: Sanctions regulations
  2. Chapter 1: Power to make sanctions regulations
  3. Power to make sanctions regulations
  4. 1Power to make sanctions regulations
  5. 2Additional requirements for regulations for a purpose within section 1(2) Repealed
  6. Types of sanction
  7. 3Financial sanctions
  8. 3ADirector disqualification sanctions
  9. 4Immigration sanctions
  10. 5Trade sanctions
  11. 6Aircraft sanctions
  12. 7Shipping sanctions
  13. 8Other sanctions for purposes of UN obligations
  14. Designation of persons
  15. 9“Designated persons”
  16. 10Designation powers: general
  17. 11Designation of a person by name under a designation power
  18. 12Designation of persons by description under a designation power
  19. 13Persons named by or under UN Security Council Resolutions
  20. Specified ships
  21. 14“Specified ships”
  22. Contents of sanctions regulations: further provision
  23. 15Exceptions and licences
  24. 16Information
  25. 17Enforcement
  26. 17AEnforcement: monetary penalties
  27. 18Report in respect of offences in regulations Repealed
  28. 19Enforcement: goods etc on ships
  29. 20Goods etc on ships: non-UK conduct
  30. 21Extra-territorial application
  31. Chapter 2: Review by appropriate Minister, and other reviews
  32. Revocation, variation and review of designations
  33. 22Power to vary or revoke designation made under regulations
  34. 23Right to request variation or revocation of designation
  35. 24Periodic review of certain designations Repealed
  36. 25Right of UN-named person to request review
  37. Revocation and review in relation to ships
  38. 26Power to revoke specification of ship made under regulations
  39. 27Right to request revocation of specification of ship
  40. 28Periodic review where ships are specified Repealed
  41. 29UN-designated ship: right to request review
  42. Review of regulations
  43. 30Review by appropriate Minister of regulations under section 1 Repealed
  44. 31Independent review of regulations with counter-terrorism purpose
  45. 32Periodic reports on exercise of power to make regulations under section 1 Repealed
  46. Procedure for requests to, and reviews by, appropriate Minister
  47. 33Procedure for requests to ... appropriate Minister
  48. Chapter 3: Temporary powers in relation to EU sanctions lists
  49. 34Temporary powers in relation to EU sanctions lists
  50. 35Directions under section 34: further provision
  51. 36Rights of person on EU sanctions list
  52. 37Rights of UN-named person on EU sanctions list
  53. Chapter 4: Court reviews
  54. 38Court review of decisions
  55. 39Court reviews: further provision
  56. 40Rules of court
  57. Chapter 5: Miscellaneous
  58. 41Procedure for dealing with goods etc seized from ships
  59. 42Suspension of prohibitions and requirements
  60. 43Guidance about regulations under section 1
  61. 44Protection for acts done for purposes of compliance
  62. 45Revocation and amendment of regulations under section 1
  63. 46Report where regulations for a purpose within section 1(2) are amended Repealed
  64. 47Power to amend Part 1 so as to authorise additional sanctions
  65. 48Power to make provision relating to certain appeals
  66. Part 2: Anti-money laundering
  67. 49Money laundering and terrorist financing etc
  68. 50Reports on progress towards register of beneficial owners of overseas entities
  69. 51Public registers of beneficial ownership of companies registered in British Overseas Territories
  70. Part 3: General
  71. Supplementary
  72. 52Crown application
  73. 53Saving for prerogative powers
  74. 54Regulations: general
  75. 55Parliamentary procedure for regulations
  76. 56Regulations under section 1: transitory provision
  77. 57Duties to lay certain reports before Parliament: further provision
  78. 58Retained EU rights Repealed
  79. 59Consequential amendments and repeals
  80. Definitions
  81. 60Meaning of “funds”, “economic resources” and “freeze”
  82. 61Meaning of “financial services” and “financial products”
  83. 62Interpretation
  84. Final provisions
  85. 63Extent
  86. 64Commencement
  87. 65Short title
  88. Schedule 1: Trade sanctions
  89. Part 1: Trade sanctions
  90. 1Paragraph 1
  91. 2Paragraph 2
  92. 3Paragraph 3
  93. 4Paragraph 4
  94. 5Paragraph 5
  95. 6Paragraph 6
  96. 7Paragraph 7
  97. 8Paragraph 8
  98. 9Paragraph 9
  99. 10Paragraph 10
  100. 11Paragraph 11
  101. 12Paragraph 12
  102. 13Paragraph 13
  103. 14Paragraph 14
  104. 15Paragraph 15
  105. 16Paragraph 16
  106. Part 2: Further provision
  107. Further provision
  108. 17Paragraph 17
  109. 18Paragraph 18
  110. 19Paragraph 19
  111. 20Paragraph 20
  112. 21Paragraph 21
  113. 22Paragraph 22
  114. 23Paragraph 23
  115. 24Paragraph 24
  116. 25Paragraph 25
  117. 26Paragraph 26
  118. Enforcement
  119. 27Paragraph 27
  120. 28Paragraph 28
  121. Restriction
  122. 29Paragraph 29
  123. 30Paragraph 30
  124. Interpretation
  125. 31Paragraph 31
  126. 32Paragraph 32
  127. 33Paragraph 33
  128. 34Paragraph 34
  129. 35Paragraph 35
  130. 36Paragraph 36
  131. 37Paragraph 37
  132. 38Paragraph 38
  133. Schedule 2: Money laundering and terrorist financing etc
  134. Regulations under section 49
  135. 1Paragraph 1
  136. 2Paragraph 2
  137. 3Paragraph 3
  138. 4Paragraph 4
  139. 5Paragraph 5
  140. 6Paragraph 6
  141. 7Paragraph 7
  142. 8Paragraph 8
  143. 9Paragraph 9
  144. 10Paragraph 10
  145. 11Paragraph 11
  146. 12Paragraph 12
  147. 13Paragraph 13
  148. 14Paragraph 14
  149. 15Paragraph 15
  150. 16Paragraph 16
  151. 17Paragraph 17
  152. Criminal offences: restrictions and relationship with civil penalties
  153. 18Paragraph 18
  154. 19Paragraph 19
  155. 20Paragraph 20
  156. Criminal offences: report in respect of offences in regulations
  157. 21Paragraph 21
  158. Extra-territorial application
  159. 22Paragraph 22
  160. 22AParagraph 22A
  161. Money Laundering Regulations 2017
  162. 23Paragraph 23
  163. Interpretation
  164. 24Paragraph 24
  165. Schedule 3: Consequential amendments
  166. Part 1: Amendments consequential on Parts 1 and 2
  167. Immigration Act 1971 (c. 77)
  168. 1Paragraph 1
  169. Senior Courts Act 1981 (c. 54)
  170. 2Paragraph 2
  171. Regulation of Investigatory Powers Act 2000 (c. 23)
  172. 3Paragraph 3
  173. Serious Organised Crime and Police Act 2005 (c. 15)
  174. 4Paragraph 4
  175. Serious Crime Act 2007 (c. 27)
  176. 5Paragraph 5
  177. Crime and Courts Act 2013 (c. 22)
  178. 6Paragraph 6
  179. Investigatory Powers Act 2016 (c. 25)
  180. 7Paragraph 7
  181. Policing and Crime Act 2017 (c. 3)
  182. 8Paragraph 8
  183. Part 2: Repeals etc consequential on repeals in Terrorist Asset-Freezing etc Act 2010
  184. Repeals and revocations
  185. 9Paragraph 9
  186. Consequential amendment
  187. 10Paragraph 10