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OFSI Announces Major Reforms to Enforcement Process Following Consultation

On 29 January 2026, the UK Office of Financial Sanctions Implementation (OFSI) published its response to the recent consultation on reforming its enforcement process. The reforms, prompted by the increased volume and...more

OFSI Fines the Bank of Scotland for Sanctions Breach: Key Compliance Lessons

On 26 January 2026, the United Kingdom’s Office of Financial Sanctions Implementation (OFSI) published a penalty notice regarding a breach of UK financial sanctions by the Bank of Scotland Plc (Bank of Scotland). ...more

Dyson Forced Labour Case Proceeds to Trial: Key Lessons on Compliance in Global Supply Chains

On 14 January 2026, the UK High Court ruled that claims against Dyson relating to alleged human rights abuses in its global supply chain will proceed to a liability trial in England in April 2027. ...more

FCA Publishes Findings on Firms' Risk Assessments and Criticises Poor Practice

On 11 November 2025, the Financial Conduct Authority (FCA) shared its findings following its review of risk assessment processes and controls in firms subject to its regulation. The FCA’s review considered both business-wide...more

SFO Publishes New Guidance on Evaluating Corporate Compliance Programmes

On 26 November 2025, the Serious Fraud Office (SFO) published its Updated Guidance on how it would evaluate a company’s compliance programme (the Guidance) for the purposes of prosecutions, considering defences to the...more

European Union Adopts 19th Package of Sanctions Against Russia

On 23 October 2025, the Council of the European Union announced the 19th EU package of sanctions against Russia, reflecting the continued commitment of the European Union to respond to the ongoing conflict in Ukraine and to...more

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