This Note is the second part of our look at regulatory expectations for sanctions compliance in the U.K. The first part of our review looked at Financial Conduct Authority (“FCA”) systems and controls requirements. The focus...more
11/22/2023
/ Due Diligence ,
Economic Sanctions ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Fund Transfers ,
Money Laundering ,
National Crime Agency (NCA) ,
Office of Financial Sanctions Implementation (OFSI) ,
Risk Assessment ,
Terrorism Funding ,
UK
Enforcement and legal risks relating to sanctions compliance remain high and all firms should continue to exercise care in meeting regulatory expectations. The promulgation of new sanctions relating to Russia has slowed but...more