These Q&As seek to briefly address common questions faced when dealing with practice compliance matters.
The Q&As supplement and link to other more detailed content, but are intentionally short. It is anticipated that a brief Q&A will be most helpful when you need a quick overview of an issue...
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This week's edition of Practice Compliance weekly highlights includes OFSI’s imposition of a £4.7 million penalty on Citibank London for 970 sanctions...
The Joint Money Laundering Steering Group (JMLSG) has published final amendments to Part I of its guidance, revising Paragraphs 2.9, 5.2.4A, 5.3.94A,...
The Office of Financial Sanctions Implementation (OFSI) has imposed a monetary penalty of £4,732,830.58 on Citibank, N.A., London Branch (CBNA London)...
HM Treasury (HMT) has announced its intention to double the maximum fine available to the Office for Financial Sanctions Implementation (OFSI) from...
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a
Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin termDefinitionMeaningActa iure imperiiLegal
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