Most sanctions non-compliance by UK legal services providers is due to breaches of Office of Financial Sanctions ...

The OFSI report said the figure "includes the value of funds frozen in the U.K. as well as overseas where those funds or economic resources are subject to U.K. financial sanctions legislation." ...

The Office of Financial Sanction Implementation's ("OFSI") Annual Review for 2023-2024 provides valuable insights into how the UK's financial sanctions regime has continued to develop. We explore some ...

While the US appears to be relaxing some of its anti-money laundering provisions, the British government has labelled the art ...

According to the OFSI, the payments showed compliance failings, insufficient due diligence, and inadequate sanctions screening during HSF Moscow’s closure. Some payments were linked to ...

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The fine marks the first time the OFSI has brought enforcement action against a law firm over Russian sanctions violations since the invasion, according to a list on OFSI’s website. Law firms ...

The U.K. Office of Financial Sanctions Implementation (OFSI) said it has fined Herbert Smith Freehills Moscow £465,000 for breaching U.K. financial sanctions imposed on Russia after the illegal ...

Firms At Risk Of Monetary Penalty For Breaches Of UK Financial Sanctions Imposed On Russia. Legal News and Analysis - Russia, ...

The firm voluntarily reported the breaches to the OFSI, although the UK's Treasury body said it must remain "steadfast" in its commitment to sanctions. Herbert Smith Freehills (HSF), a prestigious ...