In the four years since the Brexit referendum in June 2016, there have been many column inches and headlines devoted to the repercussions of the vote and the British people’s decision to leave the European Union. One area often overlooked in these discussions is the impact of Brexit on sanctions. A post-Brexit world means the United Kingdom must now use its power to issue sanctions itself, which is a big deal in practical terms and politically. In this insight piece, we will explore why and what impact it will have on compliance professionals.
