U.S. sanctions enforcement is evolving to adopt a “control” analysis similar to the analysis employed by the European Union and United Kingdom based on a recent major enforcement action by the U.S. Department of the...more
On 27 September 2024, the Financial Conduct Authority (“FCA”), imposed a financial penalty of approximately £29 million on the British bank – Starling Bank Limited (“Starling”) – for failings related to its financial crime...more
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