Topic
Financial Sanctions
102 published works
Global Regulation Tomorrow
FCA and OFSI MoU
On 5 June 2026, the Financial Conduct Authority and Office of Financial Sanctions Implementation entered into a Memorandum of Understanding (MoU). The MoU sets out the arrangements for cooperation and…
Sanctions & Export Controls Update
UK Office of Financial Sanctions Implementation publishes 2026-29 strategy
By Tristan Grimmer (UK), Andrew Rose (UK), Emily Thomson (UK)
On 15 April 2026, the UK Office of Financial Sanctions Implementation (“OFSI”) published a strategy document setting out its intentions for 2026-29, and marking its 10 year anniversary. The strategy…
Global Regulation Tomorrow
OFSI Strategy: 2026 – 2029
By Simon Lovegrove (UK), Charlotte Carnegie
On 15 April 2026, the Office of Financial Sanctions Implementation (OFSI) published its strategy for 2026 – 2029 to ensure UK financial sanctions remain effective, resilient and impactful. The aim…
International Trade Law
OFSI Imposes £390,000 Penalty on Apple Subsidiary for Russian Sanctions Breaches: Key Compliance Takeaways
By Dj Wolff, Sophie Davis, Nicola Phillips
The UK’s Office of Financial Sanctions Implementation (OFSI) has published details of a £390,000 penalty it imposed on ADI, an Irish subsidiary of Apple Inc., on 19 March 2026. The penalty relates…
Global Regulation Tomorrow
OFSI extends deadline in relation to the call for evidence on the ownership and control test in financial sanctions regulations
By Simon Lovegrove (UK), Charlotte Carnegie
On 14 April 2026, the Office of Financial Sanctions Implementation (OFSI) extended the deadline for responses to its call for evidence in relation to the Ownership and Control Test in…
eDiscovery Today Blog
Coercive Sanction Ordered for Non-Party for Failing to Comply with a Subpoena: eDiscovery Case Law
By Doug Austin
In Guadalupe v. Chase Auto Fin. Corp., New York Magistrate Judge James M. Wicks ruled that “monetary sanctions of $500 per day to be an appropriate coercive sanction”, finding non-party Sol Enterprise…
De Rebus - SA Attorneys' Journal
FICA reporting identified entities
By De Rebus
By Carl Holliday The Financial Intelligence Centre Act 38 of 2001 (FICA) creates at least two reporting regimes. The discussion below considers the practical implications and duty created on Accountable…
FinTalk
UK Government Seeks Evidence on Ownership and Control in Financial Sanctions Regulations
By Sophie Davis, Nicola Phillips, Dj Wolff
The UK’s Office of Financial Sanctions Implementation (OFSI) has launched a call for evidence concerning the "ownership and control" test within UK financial sanctions. The call for evidence, running until 11:59 p.m. on…
Global Regulation Tomorrow
Government publishes call for evidence on the ownership and control test in UK financial sanctions regulations
By Simon Lovegrove (UK), Charlotte Carnegie
On 16 February 2026, HM Government (HMG) launched a call for evidence to seek industry views on the application of the ownership and control test in UK financial sanctions regulations,…
Sanctions & Export Controls Update
UK Office of Financial Sanctions Implementation expands enforcement powers and updates its enforcement and monetary penalties guidance
By Julian Godfray (UK), Andrew Rose (UK), Sophie Armstrong (UK), Sarah Magee (UK)
On 9 February 2026, the UK Office of Financial Sanctions Implementation (“OFSI”) published updated financial sanctions enforcement and monetary penalties guidance. This guidance introduces several significant changes to OFSI’s civil…