Lancaster University is fully committed to and has a legal obligation to comply with financial sanctions enforced by the UK government. As such, payments to or receipts from countries, business entities or individuals that are subject to sanctions will be subject to additional checks by the University before any formal agreement can be signed or agreed verbally creating an obligation to pay or receive funds.

Similarly, the University reserves the right, under the direction of its banking partners, to carry out a risk assessment prior to entering into relationships with business entities or individuals based in the countries listed as ‘Higher Risk’ (Money Laundering Advisory Notice: High Risk Third Countries) or that are subject to economic or political uncertainty.