Case Study: Adare (Video Content)

Western countries are increasingly focussed on the effective implementation of their sanctions regimes.

Recent enforcement actions by the UK's FCA and OFSI emphasize the need for businesses to implement effective financial crime and sanctions controls. Starling Bank was fined £28.9M for control failures, while ICSL faced penalties for sanctions breaches.

Partner John Binns and Principal Associate Alex Gorst examine significant developments in UK and international sanctions law, including new sectoral measures against Iran, proposed Israeli settlement sanctions, OFSI's £4.7 million Citibank penalty, and the US Treasury's intensified Operation Economic Outcast targeting Iranian networks.

In this post we bring you a round-up of recent developments relating to the enforcement of UK trade sanctions breaches, together with news of further Russia-related designations

The UK Government has codified the annual "Frozen Assets Review" under its sanctions regimes, through the Sanctions (EU Exit) (Miscellaneous Amendments) (No 2) Regulations 2024 ("Amending Regulations").

The UK’s National Crime Agency has published a press release confirming that it has charged John Michael Ormerod with two counts of breaches the UK’s Russian sanctions as well...

The Solicitors Regulation Authority for England and Wales has, in its Annual Report for Money Laundering covering 2023/2024, has stated that it has required 9 law firms to report themselves...

Welcome to BCL’s latest sanctions and export controls round-up, highlighting the key developments in UK and international sanctions

Eversheds Sutherland provides legal insights and analysis on navigating EU law, featuring expert commentary from their global team of legal professionals. The firm offers comprehensive guidance on European legal developments and their implications for businesses operating across multiple jurisdictions.

In this post, we summarise recent developments regarding the UK sanctions imposed on Russia. On 19 May, the UK announced the addition of 86 further entries to its asset freeze list.