GT London Law Blog

GT London Law Blog

Legal Advisers for a Changing World

Tag Archives: white collar crime

OFSI Finds Its Teeth While OFAC Continues to Enforce Against Non-U.S. Corporates

Posted in criminal law, GT Alert, International Trade, White collar
The UK’s Office of Financial Sanctions Implementation (OFSI), the body tasked by the UK Treasury to administer and enforce financial sanctions in the UK, has issued its biggest monetary penalty to date, against the UK arm of an international telecommunications company for breaching sanctions imposed on a Syrian entity. The £146,341 monetary penalty was issued against… Continue Reading

‘Above & Beyond’? Serious Fraud Office Issues Corporate Co-Operation Guidance – Part I

Posted in Corporate, criminal law, GT Alert, Serious Fraud Office, sfo, White collar
The UK Serious Fraud Office (SFO) has issued its long-awaited guidance on corporate co-operation. For the first time in one place, the SFO has set out what in its view are ‘indicators of good [co-operation] practice’ for companies under investigation. This is a helpful clarification. In its own words the SFO defines co-operation as going… Continue Reading