OFSI publishes legal services threat assessment

OFSI publishes legal services threat assessment

The Office of Financial Sanctions Implementation (OFSI) has released a Legal Services Threat Assessment to assist UK legal services providers in understanding and mitigating risks associated with financial sanctions compliance. Since February 2022, the legal services...
New guidance on trade sanctions

New guidance on trade sanctions

Until now, sanctions compliance for law firms has been focused primarily on financial sanctions, ensuring that clients or counterparties are not designated individuals or entities. However, trade sanctions, which target entire sectors and restrict the movement of...