17 Mar, 2023 OFSI publishes new guidance on ownership and control By Helen Harvey Jenny Shelley On 16 March, the Office of Financial Sanctions Implementation (OFSI) updated its enforcement and monetary penalties for breaches of...
16 Nov, 2022 OFSI’s annual review of an unprecedented year By Helen Harvey Chris Akka On 10 November 2022, the UK’s Office of Financial Sanctions Implementation (“OFSI”) published its annual review. This has been a...
29 Sep, 2022 OFSI impose monetary penalty (and include compliance lessons for all) By Helen Harvey Aaliyah Sattar The UK’s Office of Financial Sanctions Implementation (OFSI) announced on 27 September 2022 that it had imposed a £30,000 monetary...
12 May, 2021 Not so wise: the FCA imposes a new fine for anti-money laundering failings By Lorna Emson Max Hobbs The Financial Conduct Authority (FCA) has imposed a £178,000 fine (reduced from £236,740 to avoid serious financial hardship) on Sapien...
24 Jun, 2020 The Council of the EU calls for greater financial crime powers By Francis Bond The Council of the European Union (the Council) has called for a series of cross-continent actions designed to tackle financial crime....
14 Feb, 2020 HMRC announces more investigations into the “failure to prevent” tax evasion offence By Max Hobbs HMRC has released an update on its investigations of the relatively new corporate criminal offence (CCO) of failure to prevent the...
21 Jan, 2020 Get with the programme: the SFO releases new guidance on compliance programmes By Max Hobbs The Serious Fraud Office (SFO) has released new guidance on its website – as part of its Operational Handbook – setting out key...
21 Aug, 2019 The future is digital - starting with VAT By Charishma Bhujohory Chris Mortimer A key takeaway from the Base Erosion and Profit Shifting (BEPS) Action Plan was the challenge of taxing a global economy in the throes of...
11 Jul, 2019 IR35 changes loom large over businesses as draft legislation published By Philip Swinburn From 6 April 2020, employers engaging contractors through personal service companies (PSCs) will be responsible for determining whether...