News

HM Treasury sanctions UK far-right group

05 February 2025

On 8 January 2025, HM Treasury placed sanctions on a domestic far-right group, Blood & Honour, freezing their assets under the Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019. This is the first time that these measures have been applied to a far-right group.

The reasons for this are that Blood & Honour has been, and is:

facilitating, promoting and encouraging terrorism via its dissemination of music whose content promotes and encourages terrorism
making funds available for the purposes of terrorism via the generation of funds through events it arranges for the purposes of furthering its own terrorist activities
carrying out recruitment activities for a person involved in terrorism, namely itself.

The Financial Sanctions Notice sets out at Annex 1 the group's various aliases, associated email addresses and websites, as well as a list of actions to take. Anyone holding affected assets must:

freeze the assets
not deal with the assets directly or indirectly
report to the Office for Financial Sanctions Implementation.