News & Analysis as of

Economic Sanctions HM Treasury

A&O Shearman

HM Treasury's OFSI warns of crypto sanctions risks in new threat assessment report

A&O Shearman on

The UK Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, has published a sector-specific threat assessment report highlighting significant compliance risks facing UK cryptoasset firms in relation to...more

A&O Shearman

HMT publishes latest NRA of money laundering and terrorist financing risks

A&O Shearman on

HM Treasury has published its latest 2025 National Risk Assessment (NRA) of Money Laundering and Terrorist Financing, offering a comprehensive review of the UK's exposure to financial crime. Building on the 2015, 2017, and...more

Pillsbury - Global Trade & Sanctions Law

UK Expands Whistleblower Protections to Bolster Sanctions Enforcement

On June 26, 2025, the UK government brought into force the Public Interest Disclosure (Prescribed Persons) (Amendment) Order 2025 (the “2025 Amendment”), marking a notable development in the UK government’s sanctions...more

Mayer Brown

UK Weekly Sanctions Update - Week of June 16, 2025

Mayer Brown on

In this weekly update, we summarise the most notable updates in the UK sanctions world. Russia Sanctions UK government adds 10 new entries and specifies 20 ships under the Russia regime: On June 17, 2025, the UK government...more

Skadden, Arps, Slate, Meagher & Flom LLP

EU and UK Sanctions: New Sanctions Packages and Other Key Developments June 2, 2025

The EU and UK sanctions regimes on Russia continue to expand as both jurisdictions seek to increase pressure on President Putin. As with previous recent packages, Russia’s military, energy and financial sectors have again...more

K&L Gates LLP

UK Cross-Government Review of Sanctions Implementation and Enforcement

K&L Gates LLP on

On 15 May 2025, the UK government published a policy paper summarising findings from a cross-government review of sanctions implementation and enforcement. The Foreign, Commonwealth and Development Office led the review in...more

Mayer Brown

Russia/Ukraine Sanctions Update - Month of May 2025

Mayer Brown on

I. U.S. Sanctions - President Trump Threatens Sanctions on Russia Following Drone Attack on Ukraine: On May 28, Bloomberg reported that President Trump said he was “‘absolutely’ considering new sanctions against Russia as...more

Mayer Brown

UK Weekly Sanctions Update - Week of May 12, 2025

Mayer Brown on

In this weekly update, we summarise the most notable updates in the UK sanctions world...more

Skadden, Arps, Slate, Meagher & Flom LLP

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

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

Mayer Brown

UK Weekly Sanctions Update - Week of April 7, 2025

Mayer Brown on

In this weekly update, we summarise the most notable updates in the UK sanctions world. If you have any questions in respect of any of the developments set out below, please do not hesitate to contact a member of our London...more

Mayer Brown

UK Weekly Sanctions Update - Week of March 24, 2025

Mayer Brown on

In this weekly update, we summarise the most notable updates in the UK sanctions world. ...more

A&O Shearman

Draft UK Legislation on Revised Payment Service Contract Termination Rules Expected Before 2024

A&O Shearman on

HM Treasury has published a further policy statement on payment service contract termination rule changes, setting out its approach to implementation, timing and next steps. This latest policy statement follows the...more

Cooley LLP

UK Government Gets Tough on Sanctions Evasion, Fraud and Money Laundering in Newly Published Economic Crime Plan

Cooley LLP on

On 30 March 2023, HM Treasury and the Home Office published the Economic Crime Plan 2 for 2023 to 2026. The three-year plan builds on the first Economic Crime Plan published in 2019 and commits the UK government to:...more

Akin Gump Strauss Hauer & Feld LLP

Reflections on Restructurings: UK Sanctions Regulator Clears Path for Future Restructurings

On 28 March 2023, the UK Office of Financial Sanctions Implementation of HM Treasury (“OFSI”) issued the “Bond amendments and restructurings for non-Designated Persons” general licence (General Licence - INT/2023/2824812)...more

BakerHostetler

New Crypto Payment Initiatives; Regulators Address Crypto in Speeches; Lawmakers Propose Legislation; OFAC Sanctions Crypto...

BakerHostetler on

Crypto Payment Initiatives Announced in Stablecoins, Lightning Network, Mining - Late last week, the issuer of USD Coin (USDC) announced that it had selected a major U.S. bank as a primary custodian for USDC reserves....more

K&L Gates LLP

Lessons Learned from the OFSI Annual Review: 2020 - 2021

K&L Gates LLP on

The UK Office of Financial Sanctions Implementation (OFSI) of HM Treasury (HMT) published its annual review  for 2020 to 2021 on 14 October 2021. The annual review covers a period in which OFSI moved from implementing an EU...more

Hogan Lovells

UK sanctions legislations rushes through Parliament in advance of a potential no-deal Brexit

Hogan Lovells on

Transposing more than 40 years of EU legislations is not straightforward, including when it comes to EU sanctions laws. In this context, UK secondary legislations are needed to replace references in sanctions laws to Member...more

Pillsbury Winthrop Shaw Pittman LLP

A UK Version of OFAC?

The Office of Financial Sanctions Implementation ramps up enforcement activities in London - A new UK sanctions enforcement body with added civil enforcement tools is ramping up activities. ...more

Sheppard Mullin Richter & Hampton LLP

A New Sleuth in Britain: The UK Quietly Empowers a Sanctions Enforcement Office

On April 3, 2017, the UK Treasury’s Office of Financial Sanctions Implementation (OFSI) announced new penalties for economic sanctions violations of £1 Million or 50% of the value of the transaction, whichever is higher. As a...more

Skadden, Arps, Slate, Meagher & Flom LLP

"UK Tracks OFAC Model in Issuing Guidance on Monetary Penalties for Breaches of Financial Sanctions"

As previously reported, the Policing and Crime Act 2017 (the Act) introduced a series of major changes to the U.K. financial sanctions regime. The changes, which came into force on April 1, 2017, included the creation of new...more

Hogan Lovells

UK: Implementation of UN Financial Sanctions Resolution under the Policing and Crime Act 2017

Hogan Lovells on

The Policing and Crime Act 2017 (the “2017 Act“) has introduced measures to strengthen the effectiveness of the UK’s financial sanctions regime. The delay in the implementation of UN sanctions as a result of EU processes is...more

A&O Shearman

New monetary penalty regime for breach of financial sanctions

A&O Shearman on

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

A&O Shearman

New monetary penalty regime for breach of financial sanctions

A&O Shearman on

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

Skadden, Arps, Slate, Meagher & Flom LLP

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

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

A&O Shearman

UK Government Consults on Imposing Financial Penalties for Breach of Financial Sanctions

A&O Shearman on

The Office of Financial Sanctions Implementation (OFSI), which is a part of HM Treasury, published the UK Government's proposed approach to imposing financial penalties for breach of financial sanctions. OFSI was established...more

29 Results
 / 
View per page
Page: of 2

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide