The EU has imposed a number of further sanctions on Russia and Belarus on foot of the Russian invasion of Ukraine on 24 February 2022.
The LSRA has produced a guidance document as part of its role as the competent authority for all barristers in relation to anti-money laundering obligations, and as part of the LSRA’s role in receiving and investigating complaints of alleged misconduct in respect of legal practitioners. The guidance sets out legal practitioners’ obligations in respect of the new EU sanctions on Russia and Belarus.
Sanctions are restrictive measures imposed on individuals or entities in an effort to curtail their activities and to exert pressure and influence on them. These restrictive measures may include, but are not limited to, financial sanctions, trade sanctions, restrictions on travel or civil aviation restrictions.
For more information see the Barristers Anti-Money Laundering Obligations page here.
The LSRA Guidance document on the EU sanctions is available to download as a pdf here.
The guidance is up to date as of 5 May 2022. This is a live document and subject to change.