by Jyotsna Bucktowar | Jan 18, 2024
The only action OFSI has taken regarding the wave of sanctions following Russia’s invasion was in September against payments firm Wise, which was found, following a self-report, to have allowed a £250 withdrawal from a business customer the day after the day after...
by Jyotsna Bucktowar | Oct 14, 2023
The report details the regulator’s stance and approach to AML regulation for law firms. The SRA warns that it is increasing its focus to “ensure that all solicitors understand and meet the obligations of the financial sanction regime.” Over the past 12 months the SRA...
by Jyotsna Bucktowar | Jun 21, 2023
The Factsheets provide details of the different measures contained in the Bill which will deliver reforms to Companies House, additional powers to seize and recover suspected criminal cryptoassets, reforms to give businesses more confidence to share information in...
by Jyotsna Bucktowar | Jun 21, 2023
The nationalisation of Gazprom Germania (renamed Securing Energy for Europe) means that Gazprom’s UK subsidiaries are no longer in scope of the credit restrictions introduced by The Russia (Sanctions) (EU Exit) (Amendment) (No. 15) Regulations 2022,...
by Jyotsna Bucktowar | Jun 19, 2023
The UK Govt announced plans to tighten its sanctions policy against Russia, including introducing legislation to keep assets frozen until Moscow has agreed to pay compensation to Ukraine. The new measures will require any individual who has been designated under...
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