Financial Five Eyes: Towards A New Sanctions Framework

• The UK’s current sanctions regime is built for past threats and is unfit to address today’s complex global challenges;                                                                                            

• This paper calls for a modern, tiered sanctions system that can tackle new forms of aggression - from cyber-attacks to economic sabotage;

• By updating the legal definition of 'conflict,' the UK could take proportionate action against hostile actors;

• A smarter framework would distinguish between symbolic gestures and serious pressure, allowing for measured escalation when needed;

• Clear pathways for individuals and companies to disengage from hostile regimes would also make sanctions more effective and benefit the UK economy;

• This modern, flexible approach would strengthen the UK’s global influence and reassert its leadership in international sanctions policy.