OFAC and OFSI Step Up Collaborative Efforts to Nail Sanctions Evaders
David Williams, ACSS Editor
November 12, 2022
UK
Managing Sanctions Evasion Risk from a UK Perspective
Andrew Northage, Partner, Walker Morris
October 22, 2022
How the Introduction of Strict Liability Changes Risk Management
Andrew Northage
July 16, 2022
Russian ‘Mirror Trading’ Case Reveals Five Long-Running Compliance Failures at Deutsche Bank
Russian ‘Mirror Trading’ Case Reveals Five Long-Running Compliance Failures at Deutsche Bank
March 9, 2017 By: Anna Sayre, Legal Content Writer, SanctionsAlert.com On January 30, 2017, the New York State Department of Financial Services (DFS), NY’s financial watchdog, as well as the Financial Conduct Authority (FCA), financial services...
Monetary Sanctions Consultation Released by UK’s OFSI Points to Stricter Sanctions Enforcement
Monetary Sanctions Consultation Released by UK’s OFSI Points to Stricter Sanctions Enforcement
December 19, 2016 By: Anna Sayre, Legal Content Writer, SanctionsAlert.com Companies, individuals, and financial institutions may receive monetary penalties under civil law when breaching financial sanctions under a new proposal by the UK...
New UK study aims to track trends in money flowing into WMD programs
New UK study aims to track trends in money flowing into WMD programs
October 4, 2016 By: Jonathan Brewer Seventy five years after the first use of an atomic bomb, the proliferation of weapons of mass destruction (WMD) continues to be a threat to international peace and security. Each year, governments invest...
Sanctions: Brainteasers With Serious Consequences
Sanctions: Brainteasers With Serious Consequences
By: Davina Given* Failure to comply with financial sanctions carries serious penalties, most notably in the US, where banks have collectively paid billions of dollars in fines. Even in the UK, a failure to comply with sanctions carries the...
UK ‘Brexit’ shocks the world and creates an uncertain future for European sanctions implementation
UK ‘Brexit’ shocks the world and creates an uncertain future for European sanctions implementation
By: Anna Sayre, reporter SanctionsAlert.com Date: June 30, 2016 On June 23rd 2016, after 40 years of membership, the UK has voted to no longer be a member of the European Union. A 52% majority of the British population have cast a “Leave” vote,...
UK officially launches the Office of Financial Sanctions Implementation: the implications of Britain’s new sanctions watchdog
UK officially launches the Office of Financial Sanctions Implementation: the implications of Britain’s new sanctions watchdog
Date: April 5, 2016 After earlier referenced in the Summer Budget 2015, on March 31, 2016, the UK has launched the new Office of Financial Sanctions Implementation (or OFSI). This agency will replace the Asset Freezing Unit of HM Treasury, which...
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