The Office of Financial Sanctions Implementation (OFSI) imposed a £15,000 penalty on UAE-based and UK-registered entity, Tracerco Limited (Tracerco), for breaching UK sanctions when it purchased flights for an employee from...more
On 14 October 2021, the Office of Financial Sanctions Implementation (“OFSI”) published its annual review for the financial year 2020-2021 (the “Annual Review”). Under the leadership of its new Director, Giles Thomson,...more
In our Quarterly Review, we bring you important UK developments relating to business crime, investigations, and regulatory enforcement from the last three months.
As the UK gets used to life outside the EU and implements...more
3/29/2021
/ Asset Freeze ,
Civil Monetary Penalty ,
Corporate Crimes ,
Corruption ,
Criminal Justice Act ,
EU ,
Financial Conduct Authority (FCA) ,
Foreign Corporations ,
HMRC ,
Human Rights ,
Money Laundering ,
NCAs ,
Popular ,
Sanctions ,
Serious Fraud Office (SFO) ,
Travel Ban ,
UK ,
UK Brexit ,
Unexplained Wealth Orders (UWOs)