Business: Debts
The question
To ask the Chancellor of the Exchequer, what guidance her Department provides to UK businesses seeking to verify whether a non-domestic commercial debtor is subject to UK financial sanctions.
Answered by Rachel Blake
Businesses can check whether a person or entity is subject to UK financial sanctions by consulting the UK Sanctions List: FCDO - UK Sanctions List Search - GOV.UK.
Further guidance, including on the territorial scope of UK financial sanctions and circumstances in which a UK nexus may arise, is available in OFSI's published guidance: https://www.gov.uk/government/publications/financial-sanctions-general-guidance/uk-financial-sanctions-general-guidance#overview-of-financial-sanctions
The Government keeps the implementation and effectiveness of its sanctions’ regimes under review. The recent review of the Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2026 made targeted changes to the licensing provisions which enables the satisfaction of pre-existing legal and commercial obligations. This supported a more tailored domestic approach by responding directly to the needs of UK businesses.
It is for businesses to ensure compliance with UK financial sanctions and manage their sanctions risk appropriately.
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