| Act of Parliament | |
 | |
| Long title | An Act to make provision enabling sanctions to be imposed where appropriate for the purposes of compliance with United Nations obligations or other international obligations or for the purposes of furthering the prevention of terrorism or for the purposes of national security or international peace and security or for the purposes of furthering foreign policy objectives; to make provision for the purposes of the detection, investigation and prevention of money laundering and terrorist financing and for the purposes of implementing Standards published by the Financial Action Task Force relating to combating threats to the integrity of the international financial system; and for connected purposes. |
|---|---|
| Citation | 2018 c. 13 |
| Introduced by | Boris Johnson (Commons) Tariq Ahmad, Baron Ahmad of Wimbledon (Lords) |
| Territorial extent | United Kingdom |
| Dates | |
| Royal assent | 23 May 2018 |
Status: Current legislation | |
| History of passage through Parliament | |
| Text of statute as originally enacted | |
| Revised text of statute as amended | |
The Sanctions and Anti-Money Laundering Act 2018 (SAMLA 2018) is an Act of Parliament of the United Kingdom applying to the United Kingdom.
The Act has two purposes; a) To enable the UK to create its own sanctions framework, allowing it to issue sanctions rather than adopting EU or UN models, and b) to make provisions of the purposes of the detection, investigation and prevention of money laundering and terrorist financing, and to implement standards published by the Financial Action Task Force (FATF), removing the need to adopt EU directives.[1]
- ^ "A Quick Guide to the Sanctions and Anti-Money Laundering Act 2018". Reeds Solicitors LLP. Retrieved 27 October 2021.