The UK’s latest sanctions affect multiple areas and actors, including Turkish, Chinese, and Dubai-based entities alleged to support Russian military activities.
This Client Alert is published in the context of ongoing...more
The ban hits new investment in Russia and certain professional services, while also restricting imports of Russian oil, coal, and gold and exports of key industrial goods.
This Client Alert is published in the context of...more
The UK’s financial sanctions regulator has released new guidance in light of its additional powers to police sanctions breaches.
This Client Alert is published in the context of ongoing developments and should be read in...more
New legislation introduces further sanctions powers and aims to tackle financial crime by revealing identities of overseas beneficial owners of UK property.
Following the UK government’s successive sanctions packages,...more
3/18/2022
/ Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Economic Sanctions ,
Financial Crimes ,
Foreign Entities ,
Foreign Ownership ,
New Legislation ,
Office of Financial Sanctions Implementation (OFSI) ,
Russia ,
UK ,
Ukraine ,
Unexplained Wealth Orders (UWOs)
The penalty reflects the increasingly active approach in the UK to the enforcement of sanctions breaches.
The UK’s financial sanctions regulator, HM Treasury’s Office of Financial Sanctions Implementation (OFSI), has...more