Procurement support

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This overview is intended to help an in-house lawyer to implement, support or review an organisation’s procurement processes and procedures. It is not intended to be an in-depth guide to all aspects of procurement.

Procurement risk management

All organisations need to buy ‘stuff’. Office supplies, raw materials, key IT infrastructure, business consultancy services, external legal support—the list is endless.

Your role as in-house lawyer is to:

  1. •

    ensure the procurement process is fair, transparent and legally compliant

  2. •

    test the procurement documentation before it is issued to ensure that it has the mechanics to ask the right questions to secure the right product/service, for the right price, at the right time, to the right standards and with the right supplier

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Latest Risk & Compliance News

Risk & Compliance weekly highlights—16 October 2025

This week's edition of Risk & Compliance weekly highlights includes publication of OFSI’s annual frozen assets review, new UK–US sanctions targeting cybercriminal networks, an analysis of draft AML reforms reshaping the UK’s anti-money laundering framework, and the UK government’s call on major firms to bolster cyber resilience.

FCDO announces 90 new sanctions targeting Russian oil giants and enablers

The Foreign, Commonwealth & Development Office (FCDO) has imposed the UK’s most extensive sanctions to date against Russia to curtail revenues financing President, Vladimir Putin's, war in Ukraine. Announced by the Foreign Secretary, Yvette Cooper, the measures include 90 new sanctions targeting oil giants Rosneft and Lukoil, four Chinese oil terminals, 44 vessels in Russia’s ‘shadow fleet’, Nayara Energy Limited, seven liquified natural gas tankers, and China’s Beihai LNG terminal. The government also introduced a ban on imports of oil products refined in third countries from Russian-origin crude, aiming to remove Russian oil from global markets and weaken the Kremlin’s energy income. Additional sanctions were placed on companies supplying electronics used in Russian weapons systems. According to the Office of Financial Sanctions Implementation’s Annual Review 2024–25, UK sanctions have frozen £28.7bn in Russian assets since February 2022.

OFSI publishes annual review reporting £37bn in frozen assets

The Office of Financial Sanctions Implementation (OFSI) has published its annual review 2024–25, reporting a total of £37bn in frozen assets under UK financial sanctions, up from £24.4bn in the previous financial year. The review covers the period from February 2022–August 2025. During 2024–25, OFSI processed 904 specific licensing decisions, issued 19 general licences, imposed approximately £500,000 in penalties and sustained 240 active enforcement cases. In relation to Russia-related sanctions, £28.7bn of assets have been frozen since February 2022, and enforcement actions have included penalties against Herbert Smith Freehills and Integral Concierge Services Limited.

US Treasury and UK FCDO impose coordinated sanctions on Southeast Asian cybercriminal networks

The US Treasury's Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN), coordinating with the UK's Foreign, Commonwealth & Development Office (FCDO), imposed sanctions on 146 targets within the Prince Group Transnational Criminal Organization. FinCEN finalised a rule under section 311 of the USA PATRIOT Act severing Huione Group from the US financial system for laundering $4bn in illicit proceeds. The UK froze a £12m North London mansion and other properties owned by the Cambodia-based network led by Chen Zhi, which operates scam compounds using forced labour for online investment fraud targeting US and UK citizens.

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