Sanctions guidance issued by the UK Bar Council
10/07/2024
10 July 2024 - The sanctions working group of the Bar Council of England and Wales (which Maya Lester KC co-chairs) has published sanctions guidance for barristers and their support staff.
https://www.barcouncilethics.co.uk/wp-content/uploads/2024/07/Sanctions-guidance-June-2024.pdf
Key points:
- Barristers are required to take reasonable steps to manage their practice in such a way to achieve compliance with legal and regulatory obligations under Core Duty 10 of the BSB Handbook;
- Barristers’ chambers have an obligation to ensure that appropriate risk management procedures are in place and are being complied with under Rule C89.8 and C94.11 of the BSB Handbook;
- Chambers should consider implementing a process to mitigate against the risk of inadvertently receiving payment in breach of a UK sanctions regime and new cases should be subject to sanctions checks; and
- Chambers should undertake further checks when enhanced risk factors are present, e.g. if a client is from a country covered by a sanctions regime, ultra-high net worth individuals, individuals sanctioned in other jurisdictions etc.
SOURCE
https://globalsanctions.co.uk/2024/07/uk-bar-council-sanctions-guidance/
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