30 Jun, 2022 Sanctions enforcement: $30bn of Russians’ assets frozen or seized (and the UK levies a £15,000 fine) By Helen Harvey On 29 June 2022, the Russian Elites, Proxies, and Oligarchs (REPO) Task Force, a multi-national group aimed at seizing or freezing the...
15 Jun, 2022 New strict liability offence for financial sanctions comes into force today, amongst others By Francis Bond Following the Economic Crime (Transparency and Enforcement) Act 2022’s expedited passage through Parliament in March 2022, the Office of...
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...
10 Dec, 2020 United States to pass historic anti-money laundering legislation, including first register of corporate beneficial ownership By Francis Bond The United States Congress is expected to pass the country’s most significant anti-money laundering legislation in decades this week,...