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Risk & Compliance weekly highlights—7 December 2023

Copyright © 2025 LexisNexis

Published on: 07 December 2023

Published by a LexisNexis Risk & Compliance expert

Table of contents

Data protection
ICO opens consultation on AI guidance and toolkits available to organisations
Financial sanctions
Government publishes guidance on ownership and control in sanctions regulations
NCA issues red alert on Russia’s attempts to circumvent sanctions and FCDO announces new sanctions
Banking tycoon loses EU Russia sanctions challenge
US Department of the Treasury OFAC announces additional sanctions on price caps
AML, CTF & counter-proliferation financing
The Law Society publishes addendum to AML guidance for legal sector
HM Treasury provides update on additions and removals to high risk third countries list

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Article summary

This week's edition of Risk & Compliance weekly highlights includes: an ICO consultation on AI guidance and toolkits, government guidance on ownership and control in sanctions regulations, an NCA red alert on sanctions circumvention, an LSAG addendum to the AML guidance for legal sector, and updates to the high-Risk Countries list.

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