On 5 June 2026, the Financial Conduct Authority and Office of Financial Sanctions Implementation entered into a Memorandum of Understanding (MoU). The MoU sets out the arrangements for cooperation and exchange of information between the two regulators and replaces an earlier MoU dated 21 November 2023.
On 28 May 2026, the Financial Conduct Authority (FCA) published its findings in relation to financial firms’ controls, highlighting good and poor practices and areas for improvement to support better compliance with sanctions rules.
Background
The FCA highlights that over the past four years, the UK’s sanctions regimes have grown in scope and
In parallel with shifting foreign policy objectives and geopolitical change, we are seeing a wave of regulatory action concerning sanctions across the United States, Canada, the European Union and the United Kingdom. Our international trade and sanctions team outlines some of the key developments below, including enforcement and key jurisdictions targeted by authorities.
United States