Helen Phizackerley at K&L Gates LLP

New Office of Financial Sanctions Implementation Financial Services Threat Assessment

On 13 February 2025, the Office of Financial Sanctions Implementation (OFSI) published its assessment of suspected sanctions breaches involving financial services firms since February 2022 (the Assessment). The Assessment...more

3/27/2025 / Cryptocurrency , Economic Sanctions , Financial Services Industry , Jurisdiction , Office of Financial Sanctions Implementation (OFSI) , Regulatory Requirements , Risk Management , Russia , UK

EU Sanctions—Article 8a “Best Efforts” Explained

On 24 June 2024, the European Union (EU) implemented its 14th package of sanctions against Russia to combat its continued aggression against Ukraine. A notable addition was made to Article 8a of Council Regulation (EU) No...more

2/6/2025 / Belarus , Economic Sanctions , Enforcement Actions , EU , European Commission , Foreign Policy , National Security , Russia , Sanctions

Europe: Are the UK FCA’s Revised “Name and Shame” Proposals an Improvement?

In November 2024, the UK FCA released a Consultation which seeks to clarify its proposed approach to publicising ongoing enforcement action—dubbed the “name and shame” plan—and to assure the wider market of the plan’s...more

1/28/2025 / Corporate Governance , Disclosure Requirements , Enforcement Actions , Financial Conduct Authority (FCA) , Financial Regulatory Reform , Financial Services Industry , Government Investigations , Investment Firms , Regulatory Agenda , UK

The FCA's Part 2 of Its "Name and Shame" Proposals: What You Need to Know

On 27 February 2024, the Financial Conduct Authority (FCA) published its Consultation Paper CP24/2, which revealed the FCA’s new intended approach to publicised enforcement action. This was quickly dubbed the “name and shame”...more

1/14/2025 / Compliance , Corporate Governance , Disclosure Requirements , Enforcement Actions , Financial Conduct Authority (FCA) , Regulatory Agenda , Regulatory Reform , Regulatory Requirements , Risk Management , UK

Article 8a "Best Efforts" Explained

On 24 June 2024, the European Union (EU) implemented its 14th package of sanctions against Russia to combat its continued aggression against Ukraine. The package introduced new anti-circumvention measures to strengthen...more

1/14/2025 / Belarus , Compliance , Economic Sanctions , Enforcement Actions , EU , European Commission , Foreign Policy , Regulatory Requirements , Risk Management , Russia

Guidance to Organisations on the Offence of Failure to Prevent Fraud

On 6 November 2024, the government released its much-anticipated guidance on the offence of failure to prevent fraud (the Guidance), as introduced by the Economic Crime and Corporate Transparency Act 2023 (the Act)....more

11/22/2024 / Corporate Governance , Criminal Liability , Fraud , Fraud Prevention , Risk Assessment , Risk Mitigation , UK

2025: Ofcom's Year of Enforcement

The Online Safety Act 2023 (the Act), aims to protect people online, particularly children, and places more responsibility on online media platforms and search engines, which now have new legal duties to protect users’ safety...more

11/20/2024 / Compliance , Enforcement Actions , Online Platforms , Regulatory Oversight , Search Engines , Social Media , Social Networks , UK

Top Tips for Sanctions Compliance and Preventing Sanctions Evasion

On 24 September 2024, the G7 released updated guidance on the prevention of evasion of export controls and sanctions imposed on Russia. The aim of the guidance is to “assist industry in identifying Russian evasion practices...more

10/24/2024 / Distributors , Due Diligence , Economic Sanctions , Evasion , Export Controls , Exports , Risk Mitigation , Russia , UK

UK Office of Trade Sanctions Implementation New Enforcement Powers and Increased Reporting Obligations

On 12 September 2024, the UK government released the new Trade, Aircraft and Shipping Sanctions (Civil Enforcement) Regulations 2024 (the Regulations), which will come into force on 10 October 2024. The Regulations grant the...more

10/15/2024 / Civil Monetary Penalty , Economic Sanctions , Enforcement Actions , Foreign Policy , Regulatory Oversight , Reporting Requirements , Trade Relations , UK

Hairdryer Treatment From UK Competition Regulators: More Red Cards in the Beautiful Game

Two decisions this year in the United Kingdom concerning Leicester City Football Club (Leicester City) and Newcastle United Football Club (Newcastle United) show that competition law may be becoming a more prevalent part of...more

5/15/2024 / Competition , Competition Act , Enforcement , EU , Football , Retail , Settlement Agreements , Sports , UK , UK Competition and Markets Authority (CMA)

Helen Phizackerley

K&L Gates LLP

Popular Topics by This Author

Latest Publications