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Deferred Prosecution Agreements Office of Financial Sanctions Implementation (OFSI)

Morrison & Foerster LLP

UK Quarterly Review: Business Crime, Investigations, and Regulatory Enforcement - December 2021

Morrison & Foerster LLP on

In the final Quarterly Review of 2021, we reflect on a year that has seen the UK acclimatise to life outside of the EU, whilst, like the rest of the world, contending with the difficulties brought on by the global coronavirus...more

Morrison & Foerster LLP

UK Quarterly Review: Business Crime, Investigations, And Regulatory Enforcement - December 2020

Morrison & Foerster LLP on

In our Quarterly Review, we bring you important UK developments relating to business crime, investigations, and regulatory enforcement from the last three months. Please contact us if you would like to discuss any of these...more

Dechert LLP

UK Bribery Act Receives Glowing Report While Other Areas of Economic Crime Prevention "Could Try Harder"

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The British Parliament has recently published two important post-legislative assessments of the effectiveness of the UK’s financial crime legislative framework, as well as an insight into future areas of focus....more

A&O Shearman

European White Collar Crime Report: Views on the key developments across Europe

A&O Shearman on

Europe at a glance - Across Europe, law makers are steadily expanding the circumstances in which companies can be found liable (whether criminally or otherwise) for the criminal conduct of their employees and other...more

A&O Shearman

New monetary penalty regime for breach of financial sanctions

A&O Shearman on

A new regime in the UK for punishing individuals or businesses that breach financial sanctions came into force on 1 April 2017. In March 2016 the Office of Financial Sanctions Implementation (OFSI) was formed, as part of...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Policing and Crime Act 2017: Changes to the UK Financial Sanctions Regime

The policing and crime bill received royal assent on 31 January 2017. The new Policing and Crime Act 2017 (the Act) introduces changes to a wide cross-section of the criminal justice system, including policing powers and...more

A&O Shearman

New monetary penalty regime for breach of financial sanctions

A&O Shearman on

There will soon be a new regime in place in the UK for punishing individuals or businesses that breach financial sanctions. In March 2016 the Office of Financial Sanctions Implementation (OFSI) was formed, as part of the...more

A&O Shearman

UK Enforcement Of Financial Sanctions Likely To Rise

A&O Shearman on

The new UK Office of Financial Sanctions Implementation (OFSI), part of HM Treasury (HMT) opened on 31 March 2016. This may signal a shift towards more aggressive enforcement of the financial sanctions regime in the UK. ...more

K&L Gates LLP

From Strength to Strength: Financial Sanctions

K&L Gates LLP on

On 7 March 2016, the new Police and Crime Bill (the “Bill”) received its second reading in Parliament. The stated aims of the Bill are to bring consistency to all penalties across the UK financial sanctions regimes, increase...more

McGuireWoods LLP

Sharper Teeth For Sanctions Enforcement?

McGuireWoods LLP on

The current UK sanctions enforcement regime is a complicated web reflecting the requirements of UN Security Council Regulations, EU Regulations, and UK Primary and Secondary Legislation. Penalties for breaches of sanctions...more

Dechert LLP

UK Financial Sanctions Enforcement – New Powers and Tougher Sentences

Dechert LLP on

The UK Government put a package of proposals to Parliament in February to increase both the type and the potential severity of consequences for persons and companies who breach EU financial sanctions. If approved, these...more

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