By Maya Lester KC & Michael O’Kane

‘Relevant firm’ for UK sanctions reporting now includes crypto providers

The updated definition of ‘relevant firm’ (subject to certain reporting obligations) in UK sanctions legislation has entered into force today (30 August 2022). Pursuant to the Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2022 and the Sanctions (EU Exit) (Miscellaneous Amendments) (No.2) Regulations 2022, the definition of ‘relevant firm’ now includes crypto-asset exchange providers and custodian wallet providers. See previous post …

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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