Provided by
Dow Jones
By Mengqi Sun
Companies need to be aware of likely changes to the U.K.'s sanctions regime as the end of the Brexit transition period approaches, sanctions compliance attorneys said.
During the transition period, which is set to end on Dec. 31, individuals and companies in the U.K. have been required to comply with the European Union's sanctions regimes. After the transition, the U.K. would have the freedom to implement its own sanctions regimes.
The U.K. and EU on Thursday announced a post-Brexit agreement over their future relations, covering issues such as trade sharing information in security databases and law enforcement.