British lawmakers on Wednesday disclosed general plans for wielding an independent sanctions regime after the United Kingdom exits the European Union, but did not answer questions concerning the eventual scope of the restrictions and authority for enforcing them.
The British government said it will continue working closely with members of the European Union to impose and implement blacklists even as it outlined plans for new autonomous sanctions authorities after the United Kingdom exits the bloc.
An unsatisfactory trade deal between the United Kingdom and the European Union probably will not derail cooperation against money launderers, fraudsters and other criminals in both jurisdictions despite apparent warnings otherwise, say analysts.
British officials are in the early stages of considering whether to retain links to the European Union's sanctions after the United Kingdom exits the bloc, whose asset freezes and travel bans often don't survive judicial scrutiny.
Britain's historic vote to quit the European Union is likely to result in only modest changes to the country's efforts to fight financial crime and coordinate economic sanctions, at least in the short term.
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