OFSI
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Bank of Scotland fined for breach of Russia sanctions
The UK’s OFSI states that the case “highlights important compliance lessons for a wide range of industry stakeholders.”
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Canada regulatory roundup: OFSI cuts red tape, CIRO discovers cyber breach
This week’s highlights in Canadian financial regulation.
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When should companies self-report?
The SFO’s recent guidance is just one piece of a larger puzzle.
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Navigating the AI frontier: A look at regulation in Canada
A look at the current status of AI regulation in Canada, with comment from Pat Poitevin on compliance challenges and what to expect next.
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OFSI publishes first financial sanctions threat assessment report
The report provides information on suspected sanctions breaches and is intended to assist with prioritization as part of a risk-based approach to compliance.
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Sanctions enforcement boosted as MOU between OFSI and OFAC strengthens information sharing
The MOU aims to facilitate the exchange of information between UK and US authorities.
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Red alert on sanctions circumvention warns all that is gold does not glitter
Due diligence urged by multiple agencies to reduce risk of sanctions breaches.
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Does the Russian state “control” companies within its territory?
Questions considered by the English Court of Appeal could have a significant impact on sanctions compliance.