(This note is not part of the Regulations)
These Regulations bring into force the Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/577) (“the Sanctions Regulations”) which have been made under section 1 of the Sanctions and Anti-Money Laundering Act 2018 (c. 13) (“the Act”).
In accordance with the powers under section 56 of the Act, these Regulations provide that certain provisions of the Sanctions Regulations come into force on different days. The substantive provisions of the Sanctions Regulations, including prohibitions, requirements and criminal offences, come into force on IP completion day. The provisions required for a person to be designated for the purposes of the Sanctions Regulations come into force on 7th December 2020.