UK on FCDO’s Russia sanctions impact assessment

Deepening trade sanctions on the Russian Federation to limit access to quantum computing and advanced materials goods and technology, prohibit exports of oil refining goods and technology, and certain luxury consumer goods; and prohibit the import of certain steel and...

Australia updates its Russian sanctions regime

Australia imposes autonomous sanctions in relation to Russia in response to the Russian threat to the sovereignty and territorial integrity of Ukraine. These sanctions measures will apply to the Donetsk and Luhansk regions of Ukraine from 28 March 2022…

OFSI General License – Russian Banks

OFSI amends General licence INT/2022/1280876, relating to UK subsidiaries of Russian Banks, to include Sberbank CIB (UK) Ltd. A UK subsidiary may make payment for its basic needs including: payment of insurance premiums; payment of reasonable fees for…

UK Finance Bill 2022 – the Economic Crime Levy

UK government published the Finance Act 2022 providing for a new tax called the economic crime (anti-money laundering) levy. The new levy will apply to ‘persons’, including companies and partnerships, regulated under the MLRs. All persons subject to AML...