The Offence and Penalty -
On 8 May 2025, the UK’s Office of Financial Sanctions Implementation (OFSI) published its 11 April 2025 notice of its first-ever monetary penalty for an information offence relating to financial...more
5/19/2025
/ Civil Monetary Penalty ,
Compliance ,
Corporate Counsel ,
Corporate Governance ,
Disclosure Requirements ,
Economic Sanctions ,
Enforcement Actions ,
National Security ,
Office of Financial Sanctions Implementation (OFSI) ,
Penalties ,
Reporting Requirements ,
Russia ,
UK
The UK’s sanctions regimes remain dynamic as they continue to respond to geopolitical changes. In recent weeks, the UK has enhanced its Russia sanctions, despite the uncertain direction of the international sanctions on...more
5/7/2025
/ Anti-Corruption ,
Compliance ,
Criminal Prosecution ,
Economic Sanctions ,
Enforcement Actions ,
EU ,
Export Controls ,
HM Treasury ,
National Security ,
Office of Financial Sanctions Implementation (OFSI) ,
Risk Management ,
Russia ,
Syria ,
UK
We are pleased to present the premiere episode of “An Ounce of Prevention,” a podcast focused on compliance and white collar crime trends. Our first episode — hosted by London white collar defense and investigations partner...more
On 20 March 2025, enforcement authorities in the UK, France and Switzerland announced the creation of the International Anti-Corruption Prosecutorial Taskforce. The taskforce is comprised of:
- The UK’s Serious Fraud...more
The future of international sanctions on Russia is not settled. Whilst the representatives of the US and Russia met in Saudi Arabia on 18 February 2025 to discuss possible avenues to peace in Ukraine, the foreign ministers of...more
2/25/2025
/ Anti-Money Laundering ,
Compliance ,
Cryptocurrency ,
Enforcement Actions ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Popular ,
Russia ,
Sanctions ,
UK
When the UK legal services ban was introduced in June 2023, concerns were raised that the exception outlined in the legislation relating to the provision of sanctions compliance advice was limited in scope. In particular, as...more