After a relatively quiet period, UK sanctions updates have picked up pace in recent weeks. We have seen the announcement of an enhanced partnership between US and UK sanctions agencies, updates to reporting requirements, the...more
12/3/2024
/ Asset Freeze ,
Corporate Counsel ,
Economic Sanctions ,
Memorandum of Understanding ,
Office of Financial Sanctions Implementation (OFSI) ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Reporting Requirements ,
Russia ,
UK ,
Ukraine
The UK’s National Crime Agency (NCA) recently secured its first forfeiture of sanctioned funds. This was a landmark achievement for the NCA’s Combatting Kleptocracy Cell, which has only existed since 2022 and aims to...more
8/21/2024
/ Anti-Money Laundering ,
Asset Freeze ,
Asset Seizure ,
Economic Sanctions ,
Evasion ,
Financial Institutions ,
Forfeiture ,
National Crime Agency (NCA) ,
Office of Financial Sanctions Implementation (OFSI) ,
Proceeds of Crime Act 2002 (POCA) ,
Russia ,
Sanctions and Anti-Money Laundering Act 2018 (SAMLA) ,
UK