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Sanctions—issues for financial services firms

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Latest Financial Services News

The Upper Tribunal dismisses application to prohibit publication of FCA’s Decision Notice for non-financial misconduct [Frensham v FCA]

The Upper Tribunal dismisses application to prohibit publication of FCA’s Decision Notice for non-financial misconduct [Frensham v FCA]

The following Financial Services news provides comprehensive and up to date legal information on The Upper Tribunal dismisses application to prohibit publication of FCA’s Decision Notice for non-financial misconduct [Frensham v FCA]

Contractual interpretation by administrators and common sense (Avery-Gee and others v Sibley and others)

Contractual interpretation by administrators and common sense (Avery-Gee and others v Sibley and others)

The following Financial Services news provides comprehensive and up to date legal information on Contractual interpretation by administrators and common sense (Avery-Gee and others v Sibley and others)

Financial Services weekly highlights—8 April 2021

Financial Services weekly highlights—8 April 2021

The following Financial Services news provides comprehensive and up to date legal information on Financial Services weekly highlights—8 April 2021

Ringing the changes with the CPS’s Economic Crime Strategy 2025

Ringing the changes with the CPS’s Economic Crime Strategy 2025

The following Corporate Crime news provides comprehensive and up to date legal information on Ringing the changes with the CPS’s Economic Crime Strategy 2025

Featured Financial Services content

The Money Laundering Reporting Officer (MLRO)—duties

The Money Laundering Reporting Officer (MLRO)—duties

The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive...

What is electronic money?

What is electronic money?

BREXIT: UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further...

The Single Rulebook

The Single Rulebook

Background to the Single RulebookHistorically, the European Commission (Commission) favours using Directives (rather than Regulations) to set out its...

Non-UCITS retail schemes (NURS)

Non-UCITS retail schemes (NURS)

BREXIT: As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...

Practice notes

Public censure by the FCA

Disciplinary powers of the FCAThe disciplinary powers of the Financial Conduct Authority (FCA) are found in Part XIV of the Financial Services and...
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9th Nov
Practice notes

Accepting deposits

This Practice Note looks at the regulated activity of accepting deposits (often referred to as deposit taking). Accepting deposits is a key hallmark...
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9th Nov
Practice notes

Basel Accord

The Basel Committee on Banking Supervision (BCBS), consisting of the central banks of governors of the so-called G10 countries (Belgium, Canada,...
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Produced in partnership with Morrison & Foerster LLP 12th Jan
Practice notes

Financial Conduct Authority—Principles for Businesses (PRIN)

This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the...
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9th Nov
Practice notes

Fair and Effective Markets Review (FEMR)—one minute guide

On 10 June 2015, the Fair and Effective Markets Review (FEMR) published its final report. Running to 106 pages, the report covers a wide range of...
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9th Nov
Practice notes

Recognised investment exchanges

Recognised investment exchangesA recognised investment exchange (RIE) is a UK recognised body under Part XVIII of the Financial Services and Markets...
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9th Nov
tag iconIn-house
Practice notes

MLD4—key provisions for financial services firms—one minute guide

Brexit: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...
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9th Nov
Practice notes

UCITS VI

UCITS VIUCITS VI describes the European Commission's Consultation on Undertakings for Collective Investment in Transferable Securities issued 26th...
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Produced in partnership with Andrew Henderson Partner, Eversheds Sutherland LLP 12th Jan
Practice notes

European Venture Capital Funds (EuVECA) Regulation

BREXIT: As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...
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9th Nov
Practice notes

Entering into a consumer hire agreement as owner

BREXIT: The UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. To ensure...
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9th Nov
Practice notes

Authorised unit trust authorisation and winding-up

Authorisation of an authorised unit trust (AUT)What is an AUT?A unit trust is a type of collective investment scheme (CIS) in which the assets are...
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9th Nov
Practice notes

Debt sale and purchase agreements

The debt sale and purchase market in the UKThe debt sale and purchase market has for some time been very active throughout the UK. It is an important...
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9th Nov
tag iconIn-house
Practice notes

Second Wire Transfer Regulation (WTR2)—essentials

Brexit: As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...
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9th Nov
Practice notes

The impact of Brexit on the MiFID II regime

This Practice Note provides information relating to the impact of Brexit on the recast Markets in Financial Instruments Directive (Directive...
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9th Nov
tag iconBrexit
Practice notes

MiFID I—Transaction reporting

This Practice Note provides an overview of the transaction reporting requirements that existed under the Markets in Financial Instruments Directive...
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9th Nov
Practice notes

What is credit and what is a regulated consumer credit agreement?

Scope of this Practice NoteThere are several factors to consider when deciding whether or not a credit agreement is regulated under the regulatory...
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9th Nov

Most recent Sanctions—issues for financial services firms content

Practice notes

Financial sanctions compliance—examples of good (and poor) practice

The Financial Conduct Authority (FCA) has provided some examples of good practice for sanctions systems and controls in Part 7 in its guide, FCG...
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9th Apr
Practice notes

Enhancing watch list screening

The complex nature of watch list screening creates challenges and presents risks. This Practice Note summarises the challenges watch list screening...
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9th Apr
Practice notes

International official financial sanctions lists

​​Country​​Regulatory body​​Sanction List(Links to sanctions lists are provided, where publicly available)​​IncludingMultinationalUnited NationsUnited...
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9th Apr
Practice notes

Licences and Exemptions in Financial Sanctions

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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Produced in partnership with Roger Matthews of Dentons 9th Apr
Practice notes

The UK sanctions framework under SAMLA 2018

This Practice Note explains the UK financial sanctions and trade sanctions regime under the Sanctions and Anti-Money Laundering Act 2018 (SAMLA...
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Produced in partnership with John Binns of BCL Solicitors LLP 9th Apr
tag iconBrexit
Practice notes

Sanctions regimes made under SAMLA 2018—tracker

The Sanctions and Anti-Money Laundering Act 2018 (SAMLA 2018) was implemented to ensure the UK has a robust sanctions regime after the UK leaves the...
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9th Apr
Practice notes

Challenging UK sanctions designations under SAMLA 2018

This Practice Note explains the UK domestic sanctions regime under the Sanctions and Anti-Money Laundering Act 2018 (SAMLA 2018). This regime was...
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Produced in partnership with John Binns of BCL Solicitors LLP 9th Apr
Practice notes

The effect of sanctions on loan agreements

This Practice Note looks at:•issues that sanctions can pose on lending transactions•the key provisions of the facility agreement that must be...
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8th Apr
Practice notes

The EU and US Sanctions Regimes

This Practice Note considers:•EU sanctions•sanctions in the US, and•the similarities and differences between the EU and US sanctions regimesPractice...
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8th Apr
Practice notes

Designation of sanctions targets under the UN sanctions, EU sanctions and UK terrorist asset-freezing regimes

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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Produced in partnership with Roger Matthews of Dentons 8th Apr
Practice notes

The enforcement of financial sanctions breaches in the UK

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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Produced in partnership with Roger Matthews of Dentons 8th Apr
Practice notes

International sanctions—an introduction

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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Produced in partnership with Roger Matthews of Dentons 8th Apr
Practice notes

Financial sanctions—offences

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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Produced in partnership with Dentons 8th Apr
Practice notes

Development of sanctions regime in the UK during the Brexit transition period [Archived]

ARCHIVED: This Practice Note has been archived and is not maintained.Lawyers and the companies they advise need to understand what their sanctions...
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8th Apr
tag iconBrexit
Practice notes

EU/UK financial and trade sanctions for insurers

Insurers must negotiate a patchwork system of financial and trade sanctions. In the UK, the primary responsibility for administering the financial...
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Produced in partnership with Dil-veer Kang of CMS, Charlotte Thompson of RPC and Marcus Bonnell and updated by Daniel Martin of HFW 25th Mar
Practice notes

Sanctions clauses and the effect of sanctions on insurance policies

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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Produced in partnership with Daniel Martin of HFW 25th Mar
Practice notes

In-house lawyers—risk management—financial services

How to use this Practice NoteThe terms and definitions used in this Practice Note match those used in the Financial Conduct Authority (FCA) Handbook...
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26th Feb
Practice notes

Financial sanctions—reporting obligations—post-Brexit

This Practice Note sets out the circumstances in which you may be required to report on frozen accounts belonging to designated persons under...
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27th Jan
tag iconBrexit
Practice notes

The financial sanctions regime—common misconceptions

The financial sanctions regime remains a myth to some organisations. You need to understand that it applies to you. This brief Practice Note outlines...
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13th Jan
Practice notes

Financial sanctions regimes in other jurisdictions

It is important to consider financial sanctions imposed by other jurisdictions and what impact these may have on your business. This Practice Note...
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12th Jan

Popular documents

LEXISNEXIS

Facilitation payments under the Bribery Act 2010

Facilitating the performance of a duty by public officialsFacilitation payments, also known as facilitating or grease payments, are generally small amounts of money paid to public officials or others as a means of ensuring that they perform their duty, whether more promptly or at all. In some

LEXISNEXIS

Contract interpretation—express terms in contracts

Express and implied contractual terms distinguishedContractual terms may be either express or implied:•express terms—are terms which are actually recorded in a written contract or openly expressed in an oral contract at the time the contract is made (or there may be a combination of written and oral

LEXISNEXIS

Fraud by false representation

Fraud by false representationFraud by false representation applies to a broader range of conduct than the offences under the preceding legislation (the Theft Act 1968 (TA 1968)). No gain or loss need actually be made, and no deception need operate on the mind of the deceived for the Fraud Act 2006

LEXISNEXIS

The Single Rulebook

Background to the Single RulebookHistorically, the European Commission (Commission) favours using Directives (rather than Regulations) to set out its legislation in respect of the financial services sector. However, Directives, allowing Member States greater flexibility in how they implement