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What are Sanctions?

Sanctions are non-permanent international restrictions or prohibitions aimed at:

1. •

   encouraging a change in the behaviour of a particular country or regime

2. •

   applying pressure on particular countries or regimes to comply with certain objectives

3. •

   preventing and suppressing terrorist financing

They are also used as a last resort Enforcement tool when international peace and security has been threatened.

Who can be subject to financial sanctions?

Financial sanctions, depending on the type of sanction, may be targeted at individuals, entities, sectors or countries.

What types of sanctions are there?

There are various different types of sanctions, which can range from comprehensive financial and trade sanctions to more targeted measures such as arms embargoes, travel bans and financial or diplomatic restrictions.

Sanctions are commonly described as either trade sanctions or financial sanctions. The distinction is relevant in terms of who applies and enforces the sanctions. In broad terms:

1. •

   financial sanctions restrict dealings in money and the provision of financial services—they can include the prohibition of Funds transfers to and from certain countries, individuals or entities

2. •

   trade sanctions are measures which