The United Kingdom’s Office of Financial Sanctions Implementation (OFSI) has granted the London Court of International Arbitration (LCIA) a General Licence allowing it to process payments from designated parties (DPs) who are...more
The European Union adopted its 8th sanctions package of restrictive measures against Russia on 6 October 2022 in response to the ongoing conflict in Ukraine. ...more
10/10/2022
/ Asset Freeze ,
Cryptoassets ,
Economic Sanctions ,
EU ,
Export Bans ,
Export Controls ,
Foreign Policy ,
Maritime Transport ,
National Security ,
Russia ,
Sanctions ,
Ukraine
The European Union’s 25 February wave of sanctions build on, and significantly expand, its existing sanctions on Russia, imposing wide-ranging restrictions on the Russian economy—including in respect of Russia’s access to...more
3/2/2022
/ Aviation Industry ,
Capital Markets ,
Cybersecurity ,
Dual Use Goods ,
Economic Sanctions ,
Energy Sector ,
EU ,
Financial Markets ,
Oil & Gas ,
Russia ,
Ukraine
In response to the conflict in Ukraine, on 23 February, the European Union introduced a sanctions package of five new regulations against Russia, including freezing assets and curbing trade with two non-government-controlled...more
The United Kingdom on 10 February 2022 amended its Russian sanctions law to more easily add persons to its targeted sanctions regime, which enhances the UK’s ability to quickly impose sanctions against most parts of the...more
The United Kingdom’s Foreign, Commonwealth & Development Office (FCDO) and Office of Financial Sanctions Implementation (OFSI) have announced they will change the structure and format of the UK Sanctions List and OFSI’s...more
The UK Financial Conduct Authority (FCA) has recently announced that it is considering adding a sixth question on diversity and inclusion (D&I) to its five conduct questions (5CQs). The significance of D&I has long been...more
The Financial Conduct Authority (FCA) has emphasised in recent years that firms should consider nonfinancial misconduct when assessing the fitness and propriety of staff. ...more
All dual-regulated and FCA solo-regulated firms are now under the scope of the Senior Managers & Certification Regime (SMCR), with many working hard in recent months to ensure all aspects of the regime are well embedded. ...more
The threat of coronavirus (COVID-19) has caused a sudden, unprecedented disruption to many areas of our lives. The decision to suspend the English Premier League (PL) is far from the most important or immediate concern, but...more
In a recent update to its internal guidance, the UK Serious Fraud Office provides insight into the general approach its investigators may take for evaluating organizations’ compliance programs—an approach similar to that of...more
2/19/2020
/ Anti-Bribery ,
Anti-Corruption ,
Bribery ,
Compliance Management Systems ,
Compliance Monitoring ,
Corporate Counsel ,
Corruption ,
Department of Justice (DOJ) ,
Due Diligence ,
Enforcement Actions ,
Filip Factors ,
Government Investigations ,
Risk Assessment ,
Risk Management ,
Serious Fraud Office (SFO) ,
TRACE ,
Training ,
UK ,
White Collar Crimes
The UK Serious Fraud Office’s Corporate Cooperation Guidance has implications for organizations operating inside and outside the United Kingdom. International organizations should take the Guidance into account in practical...more
The Singapore Parliament passed the Serious Crimes and Counter-Terrorism (Miscellaneous Amendments) Bill on November 19, 2018, creating the new Section 47AA of the Corruption, Drug Trafficking and Serious Crimes (Confiscation...more