Practice Compliance weekly highlights—16 March 2023

Table of contents

• Financial sanctions
• Combating Russias evolving sanctions evasion efforts
• AML, CTF & counter-proliferation financing
• FATF publishes amended Recommendations
• FATF publishes report on ransomware attacks
• FATF updates guidance on Beneficial Ownership of Legal Persons
• LSAG publishes guidance on underground banking and funds from China
• UKFIU publishes updated guidance on submitting better quality SARS
• Other financial crime
• Economic Crime and Corporate Transparency Bill

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Article summary

This week's edition of Practice Compliance weekly highlights includes: the latest FATF updates and recommendations, an update on financial sanctions, and an update on the UK’s data reform bill.