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Written question asked by Al Pinkerton (Liberal Democrat) on Monday, 6 July 2026, in the House of Commons. It was due for an answer on Wednesday, 8 July 2026. It was answered by Rachel Blake (Labour) on Monday, 13 July 2026 on behalf of the Treasury.

Business: Debts

Question

To ask the Chancellor of the Exchequer, what guidance her Department provides to UK businesses seeking to verify whether a non-domestic commercial debtor is subject to UK financial sanctions.

Answer

Businesses can check whether a person or entity is subject to UK financial sanctions by consulting the UK Sanctions List: FCDO - UK Sanctions List Search - GOV.UK.

Further guidance, including on the territorial scope of UK financial sanctions and circumstances in which a UK nexus may arise, is available in OFSI's published guidance: https://www.gov.uk/government/publications/financial-sanctions-general-guidance/uk-financial-sanctions-general-guidance#overview-of-financial-sanctions

The Government keeps the implementation and effectiveness of its sanctions’ regimes under review. The recent review of the Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2026 made targeted changes to the licensing provisions which enables the satisfaction of pre-existing legal and commercial obligations. This supported a more tailored domestic approach by responding directly to the needs of UK businesses.

It is for businesses to ensure compliance with UK financial sanctions and manage their sanctions risk appropriately.

Secondary information

Type
Written question
Reference
16272
Session
2026-27
Subjects
Debts Business Finance Foreign companies Sanctions
Link
View this Written question on www.parliament.uk