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ARTICLE · 15 OCTOBER 2018

Financial Regulatory Developments Focus - Issue 40, October 11, 2018

A&O Shearman
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In this week's newsletter, we provide a snapshot of the principal U.S., European and global financial regulatory developments of interest to banks

United KingdomFinance and Banking
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A&O Shearman
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In this week's newsletter, we provide a snapshot of the principal U.S., European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and corporates.

AML/CTF, Sanctions and Insider Trading

UK Office of Financial Sanctions Implementation Publishes First Annual Review

On October 5, 2018, the U.K. Office of Financial Sanctions Implementation published its Annual Review for the period from April 2017 to March 2018. OFSI was established in March 2016 with the objective of raising awareness of financial sanctions, assessing and addressing suspected sanctions breaches and providing a professional service to the public and industry. The Annual Review provides an overview of: I. UN and EU financial sanction regimes implemented by OFSI; II. OFSI's work on asset freezing and a breakdown of funds frozen; III. action taken by OFSI following reports of suspected breaches of

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