Criminal Prosecution, UK, Office of Financial Sanctions Implementation (OFSI)

UK Sanctions Update: Further Sanctions Against Russia Introduced, More Syria Sanctions Lifted and First UK Prosecution for a...

Skadden, Arps, Slate, Meagher & Flom LLP on 5/7/2025

The UK’s sanctions regimes remain dynamic as they continue to respond to geopolitical changes. In recent weeks, the UK has enhanced its Russia sanctions, despite the uncertain direction of the international sanctions on...more

Sanctions, Fraud is Coming to Town: 2022 in Review

WilmerHale on 12/22/2022

In 2022, the UK was forced to reckon with the charge of being soft on economic crime and being the destination of choice for kleptocrats seeking to launder their ill-gotten funds. No longer able to turn a blind eye to these...more

European White Collar Crime Report: Views on the key developments across Europe

A&O Shearman on 7/14/2017

Europe at a glance - Across Europe, law makers are steadily expanding the circumstances in which companies can be found liable (whether criminally or otherwise) for the criminal conduct of their employees and other...more

New monetary penalty regime for breach of financial sanctions

A&O Shearman on 4/13/2017

A new regime in the UK for punishing individuals or businesses that breach financial sanctions came into force on 1 April 2017. In March 2016 the Office of Financial Sanctions Implementation (OFSI) was formed, as part of...more

The Policing and Crime Act 2017: Changes to the UK Financial Sanctions Regime

Skadden, Arps, Slate, Meagher & Flom LLP on 3/7/2017

The policing and crime bill received royal assent on 31 January 2017. The new Policing and Crime Act 2017 (the Act) introduces changes to a wide cross-section of the criminal justice system, including policing powers and...more

Sharper Teeth For Sanctions Enforcement?

McGuireWoods LLP on 3/7/2016

The current UK sanctions enforcement regime is a complicated web reflecting the requirements of UN Security Council Regulations, EU Regulations, and UK Primary and Secondary Legislation. Penalties for breaches of sanctions...more