The UK’s Companies House has released its third report on the implementation and operation of Parts 1 to 3 of the Economic Crime and Corporate Transparency Act 2023
Continue Reading Cleaning House: The UK’s Companies House Releases Third Progress Report on ECCTA 2023
On 8 September 2025, the UK’s Office of Financial Sanction Implementation (OFSI) published a Disclosure concerning breaches of Regulations 11 and 12 of the Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019 (Regulations) by UK-registered and Financial Conduct Authority-regulated Vanquis Bank Limited (VBL). This instance offers another example of OFSI’s emphasis on encouraging organisations to establish effective, robust, and appropriate compliance procedures, systems, and controls to mitigate the risk of violations.
Continue Reading UK OFSI Enforcement Underscores Need for Effective Sanctions Screening and Controls
In late 2024, the United Kingdom’s Financial Conduct Authority (FCA) published a “Dear CEO” letter related to the FCA’s “Custody and Fund Services Supervision Strategy.”
Continue Reading UK FCA Letter Expresses Concerns About Fund Service Providers
On 6 November 2024, the UK government published its long-awaited Guidance for the new offence of failure to prevent fraud (FTP Fraud Offence), which will
Continue Reading UK Failure to Prevent Fraud Offence Widens Net for Corporate Criminal Liability
The United Kingdom and United States announced in a joint statement on 17 October a new strategy to cooperate and collaborate further on economic sanctions
Continue Reading UK and U.S. Announce ‘Enhanced Partnership’ on Economic Sanctions Implementation, Enforcement
On June 29, the Russian Elites, Proxies, and Oligarchs (REPO) Task Force published a statement on its work in blocking or freezing sanctioned Russian assets.
Continue Reading REPO Task Force: The First 100 Days
On 15 June 2022, the UK Office of Financial Sanctions Implementation (OFSI) implemented important changes to its enforcement powers and updated its “Monetary Penalty” guidance.
Continue Reading New Era in UK Sanctions Enforcement: Introduction of Strict Liability Standard and OFSI Guidance Update
A comparison of the new Dutch Scheme and the new UK Restructuring Plan.
The European restructuring landscape continues to evolve with the recent introduction of
As of 20 July 2020, Phase 1 of the UK’s Industrial Energy Transformation Fund (IETF) is open for applications for grants, according to the Department
In 2018 the House of Lords announced it would set up an ad hoc Select Committee to conduct a post-legislative review of the Bribery Act
Continue Reading UK Review of the Bribery Act 2010 – Committee Concludes New Guidance Needed