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United Kingdom Risk Assessment

Hogan Lovells

UK Economic Crime Progress Report: A mixed picture

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When the UK government launched Economic Crime Plan 2 (ECP2) in March 2023, its ambitions were clear. Building on the first Plan, the 2023-26 strategy set out three overarching goals: to cut fraud; reduce money laundering and...more

Morgan Lewis - Tech & Sourcing

Navigating the UK’s Online Safety Act: Implications for Global Digital Services

The United Kingdom’s Online Safety Act (OSA or the Act), which received Royal Assent in October 2023, establishes a new statutory framework to address harmful online content, protect children, and promote accountability among...more

Paul Hastings LLP

UK Blocks Transfer of Graphene Assets on National Security Grounds

Paul Hastings LLP on

On 20 August, the UK government issued a Final Order under Section 26 of the National Security and Investment Act 2021 (NSIA) blocking a proposed joint venture between Versarien plc (Versarien) and Anhui Boundary Innovative...more

Thomas Fox - Compliance Evangelist

Data Driven Compliance: The Failure to Prevent Fraud Offense: Insights for US General Counsels with Mike DeBernardis

Welcome to Season 2 of the award-winning Data Driven Compliance. In this new season, we will look at the new Failure to Prevent Fraud offense. Join host Tom Fox as we explore this new law and how to comply with it through the...more

Hogan Lovells

CPS and SFO publish joint corporate prosecutions guidance – what it means for UK corporates

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The Crown Prosecution Service (CPS) and Serious Fraud Office (SFO) have overhauled their Corporate Prosecutions guidance – clarifying how prosecutors will handle charges, forum and case strategy going forward. The previous...more

Hogan Lovells

Response to ICO call for views on international data transfers guidance

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We welcome and are grateful for the opportunity to contribute to this call for views on the Information Commissioner's Office (ICO) international data transfers guidance and more generally, on the most beneficial regulatory...more

Cooley LLP

UK Publishes Guidance on Cryptoasset Sector’s Compliance With Financial Sanctions

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On 21 July 2025, the UK Office of Financial Sanctions Implementation (OFSI) published guidance regarding sanctions compliance in the cryptoasset sector. The publication is an assessment of threats to UK financial sanctions in...more

Hogan Lovells

Art, sanctions and suspicion: What the Ojiri case tells us about risk and responsibility in the regulated sector

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The recent conviction of London-based art dealer Oghenochuko Ojiri marks a watershed moment for financial crime enforcement in the UK's regulated sector. For the first time, a conviction has been secured under section 21A of...more

Mayer Brown

UK Weekly Sanctions Update - Week of August 4, 2025

Mayer Brown on

RUSSIA SANCTIONS - UK Government extends Mongolian Energy Payments General Licence: On August 7, 2025, OFSI extended General Licence INT/2022/2085212, which authorises payments to four Russian banks or their subsidiaries...more

A&O Shearman

Wolfsberg Group issues statement on the RBA for financial crime risk management

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The Wolfsberg Group (the Group) has released a statement reaffirming its commitment to the risk-based approach (RBA) for financial crime risk management. Further to its 2006 RBA guidance, and in line with the Financial Action...more

WilmerHale

Navigating the Crypto Compliance Minefield: OFSI 2025 Threat Assessment

WilmerHale on

On 21 July 2025, the UK’s Office of Financial Sanctions Implementation (OFSI) published a sector-specific Cryptoassets Threat Assessment (“the Report”), shedding light on the evolving risks and vulnerabilities in the crypto...more

Mayer Brown

The Online Safety Act Enters Phase 2

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The UK's Online Safety Act (the "Act") is a transformative piece of legislation and is introducing extensive online safety obligations for user-to-user services, search services and pornography platforms. The Act encompasses...more

A&O Shearman

HMT publishes latest NRA of money laundering and terrorist financing risks

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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

A&O Shearman

FCA findings on risk and wind-down planning in payment and e-money firms

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published the findings of its multi-firm review into risk management and wind-down planning across e-money and payment firms. While the FCA had observed examples of good practice...more

Bergeson & Campbell, P.C.

HSE Begins Public Consultation on CLP Reform Proposal

The United Kingdom’s (UK) Health & Safety Executive (HSE) has begun a public consultation on a legislative proposal to reform the Great Britain (GB) Classification, Labelling and Packaging (CLP) Regulation. HSE notes that GB...more

Latham & Watkins LLP

UK Online Safety Act - Summer 2025 Deadlines

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In the next phase of Online Safety Act implementation, children’s safety duties and related codes of practice will come into full effect on 25 July 2025....more

NAVEX

The Art of Compliance Testing and Monitoring

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Among all the elements of a corporate compliance program, perhaps the most difficult piece to understand is the testing and monitoring of your controls. Clearly the two are important. The U.S. Justice Department says so in...more

Braumiller Law Group, PLLC

Braumiller Law Group - June 2025 Newsletter

A Q&A with Adrienne Braumiller, and Olivia Van Pelt. Question 1: How are you advising businesses in your jurisdiction when protecting themselves from the impact of trade wars and sanctions, and what strategies can...more

Mayer Brown

DB Pension Endgame Options – Pensions Regulator Guidance

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The Pensions Regulator (TPR) has published guidance for trustees on new models and options for DB and hybrid pension schemes. While some of these are endgame options, the guidance also covers options for improving financial...more

Katten Muchin Rosenman LLP

Walking the Talk, Ofcom’s Online Safety Act Enforcement

Back in March 2025, we published an article highlighting that Ofcom will be turning up the heat to ramp up pressure on platforms in relation to their duties to the UK’s Online Safety Act (OSA). There has been a flurry of...more

Wilson Sonsini Goodrich & Rosati

The UK’s Online Child Safety Duties Are Coming into Force: Steps to Take Now

On April 24, 2025, the UK’s Office of Communications, commonly known as Ofcom—the regulator responsible for enforcing the UK’s Online Safety Act (OSA)—issued its Protecting Children from Harm Online Statement. The statement...more

K&L Gates LLP

What Legal Services Providers Need to Learn From OFSI's Legal Services Threat Assessment

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In its first-ever threat assessment of the UK legal sector, the UK’s Office of Financial Sanctions Implementation (OFSI) has raised red flags with regards to suspected sanctions breaches involving UK legal services providers...more

Cooley LLP

New UK Consumer Law Regime Comes Into Force

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On 6 April 2025, the unfair commercial practices provisions of the Digital Markets, Competition and Consumers Act 2024 (DMCC Act) entered into force, ushering in a new enhanced consumer enforcement regime administered by the...more

Cooley LLP

The Online Safety Act: Child Access Duties for the Gaming Industry

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Under the UK Online Safety Act 2023 (OSA), a wide range of online services are subject to extensive new obligations related to illegal content and content harmful to children....more

BCLP

Sexual Harassment - The Preventative Duty and Risk Assessments

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Rather than our usual Two Minute Monthly employment law round-up, we are posting for March 2025 a blog by Partner Katherine Pope on the nature and purpose of risk assessments in complying with the sexual harassment...more

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