OFSI

Used properly, sanctions can immobilize assets, exclude suspected criminals from the financial system, and disrupt international networks – but what about delivering justice?

What financial business leaders can learn from the Roman general.

OFAC and OFSI have released guidance that compares key aspects of both sanctions regimes, focusing on topics such as sanctions lists, recordkeeping, and reporting requirements.

Gary Watson discusses the findings in the FCA’s review of sanctions, the recent OFSI sanctions fine, and the need for structural change.

The UK’s OFSI states that the case “highlights important compliance lessons for a wide range of industry stakeholders.”

This week’s highlights in Canadian financial regulation.

The SFO’s recent guidance is just one piece of a larger puzzle.

A look at the current status of AI regulation in Canada, with comment from Pat Poitevin on compliance challenges and what to expect next.