Rahman Ravelli
Rahman Ravelli Solicitors Logo
Call Our 24hr Rapid Response Team: 0800 559 3500  Request a Callback
Our Services Sectors International About Us Legal Articles News Contact Us
24hr Rapid Response: 0800 559 3500
24hr Rapid Response: 0800 559 3500
 

/ News / Legal Director Joshua Ray tells Thomson Reuters about banks’ screening obligations under the UK’s new human rights sanctions regime.

Legal Director Joshua Ray tells Thomson Reuters about banks’ screening obligations under the UK’s new human rights sanctions regime.



With the UK introducing a sanctions regime against those involved in human rights abuses, banks are expected to see an increase in screening alerts. 

Rahman Ravelli’s Joshua Ray explained to Thomson Reuters’ Regulatory Intelligence that the regime is enforceable under Section 32 of the Global Human Rights Sanctions Regulations, which carries a maximum penalty of seven years’ imprisonment and / or a fine. Josh also emphasised that firms that have any ties to sanctioned individuals face obligations to report to the Treasury. 

His thoughts on the challenges banks face and the procedures firms will have to follow were used in an article. It can be read here. (Subscription required) 

Joshua L. Ray

Joshua L. Ray

Counsel/Legal Director

joshua.ray@rahmanravelli.co.uk
+ 44 (0)203 947 1539 vCard

Specialist Areas of Practice: International Regulation and Corporate Crime, Fraud and Business Crime, Corporate Investigations.

View Author Profile

London Office: +44 (0)203 947 1539
Midlands Office: +44 (0)121 231 7025
Northern Office: +44 (0)1422 346 666
24hr Rapid Response: 0800 559 3500


Need Help or Advice?

Share this article on

Related Expertise