24 Jun, 2022 Office of Financial Sanctions Implementation: looking to upscale and upskill By Helen Harvey Helin Gurel On Wednesday 22 June, the director of the Office of Financial Sanctions Implementation (“OFSI”), Giles Thomson, speaking to the House of...
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...
14 Jan, 2021 No expansion of the failure to prevent offence... for now By Max Hobbs FCA-regulated companies have been given a reprieve, as an amendment to the Financial Services Bill 2019–21 (FSB), which would have...
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,...
23 Jul, 2020 UK to invest £100m in stronger AML checks through tax on banks By Francis Bond The UK is set to go ahead with a £100m investment in improving anti-money laundering systems, funded by a “levy” on financial...
06 Feb, 2020 Explain yourself: the Court of Appeal rejects the challenge to the first UWO By Max Hobbs The Court of Appeal has dismissed the appeal against the first Unexplained Wealth Order (UWO) issued in the UK, potentially paving the...