On 12 September 2024, the UK Government published The Trade, Aircraft and Shipping Sanctions (Civil Enforcement) Regulations 2024 (“the Regulations”), which provide the regulatory framework for the Office of Trade Sanctions...more
9/26/2024
/ Criminal Liability ,
ECJU ,
Economic Sanctions ,
Enforcement ,
HMRC ,
New Regulations ,
Office of Financial Sanctions Implementation (OFSI) ,
Penalties ,
Prison ,
Russia ,
Security Breach ,
Trade Relations ,
UK
What U.K. Firms Need to Know -
INTRODUCTION -
Over the past decade, the use of messaging applications, such as WhatsApp, for business purposes as an alternative to traditional email has grown exponentially. Ease of use...more
1/23/2024
/ CFTC ,
Data Privacy ,
Data Retention ,
Employee Training ,
Enforcement ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Instant Messaging Apps ,
Mobile Devices ,
Professional Disciplinary Actions ,
Prudential Regulation Authority (PRA) ,
Recordkeeping Requirements ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
Settlement ,
Social Media ,
Surveillance ,
Technology Sector ,
UK
Traditionally in UK law, in order to hold a company criminally liable, enforcement authorities must prove wrongdoing by a senior person representing the company’s “controlling mind and will.” Through this “identification...more