By compliance subject

This subtopic contains Lexology Panoramic guides, which provide concise explanations of how specific compliance topics are approached in different jurisdictions worldwide. They are written in a question

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

TAKE A FREE TRIAL

Latest Practice Compliance News

HM Treasury announces amendment to OFSI General Licence INT/2022/1280876

The HM Treasury has announced that General Licence INT/2022/1280876 has been amended to include Permission 5.3A. This new provision stipulates that distributions on VTB Bank PJSC's claim must first deduct the value of any VTB Capital plc assets subject to VTB Bank PJSC enforcement action, as well as the VTB Group Receivables. Additionally, it prohibits the payment of statutory interest for periods during which distributions are not paid due to these deductions. This amendment follows several previous updates to the licence, which has been in effect since 1 March 2022 and relates to financial sanctions involving VTB Bank and its subsidiaries.

DBT issues guidance on countering Russian sanctions evasion and implementing no-Russia clauses

The Department for Business and Trade (DBT), in conjunction with the Office of Trade Sanctions Implementation, has published two sets of guidance to assist UK exporters in addressing and combating current and emerging trends related to the circumvention of Russian sanctions. The first new guidance addresses countering Russian sanctions evasion and circumvention, whilst the second has been issued to aid businesses in incorporating a 'no re-export to Russia' clause into their export contracts. The guidance is primarily focused on trade sanctions targeting Russia but is also applicable to other countries subject to trade sanctions measures. It specifically targets those involved in exporting items on the Common High Priority Items List and goods critical to Russian weapons systems and military development. The guidance includes best practice advice to enhance due diligence in exporter contracts.

Question of the week: Where we act for the seller of a property at auction, are we obliged to carry out AML source of funds checks on the deposit paid by the buyer to the auctioneer before accepting the same from the auctioneer?

This Q&A considers client due diligence (CDD) requirements for law firms acting for a seller in a property transaction involving an auction.

The UK corporate crime cases to watch in 2025

Law360, London: Former trader Tom Hayes will get a final shot in 2025 at overturning his conviction for rigging Libor during the financial crisis, a Russian politician will face trial in the first criminal prosecution for breaching sanctions—and Dentons will be back in court over alleged anti-money laundering failures by the law firm.

View Practice Compliance by content type :

News