Anna Bradshaw and Alistair Jones publish in-depth analysis of the current state of play of the UK’s ownership and control test in leading industry publication WorldECR, the Journal of Export Controls and Sanctions (see issue #125). They assess the combined impact of the Court of Appeal’s comments in Mints on 6 October, the High Court’s […]
Have you ever clicked on a link in an email that appeared genuine only to find out you had just failed a phishing attempt test set out by your IT department? These tests may look like they are meant to embarrass the unwary, but they are really a crucial element of a wider cyber protection […]
Last month, the UK’s Foreign, Commonwealth and Development Office, together with the Office of Financial Sanctions Implementation (OFSI), issued joint guidance on their approach to the ‘ownership and control test’, which determines the scope of UK asset freeze sanctions. Guidance alone is, however, unlikely to address the problems caused by the UK’s ownership and control […]
Between 2022 to 2023, civil forfeiture and recovery powers under Part 5 of the Proceeds of Crime Act 2002 (POCA) contributed £160.1 million to the public purse. With criminal confiscation powers bringing in £179 million, the amount recouped using civil rather than criminal asset recovery powers equates to just under half of the total asset […]
Earlier this month, the UK government announced the creation of a new agency to crack down on companies dodging trade sanctions. The Office of Trade Sanctions Implementation (OTSI) will be responsible for the civil enforcement of trade sanctions, including those that have been imposed on Russia since the war in Ukraine started. The new unit […]
Peters & Peters acts for a prominent Russian businessman who has been pursued by the authorities of the Russian Federation in connection with flawed and politically motivated criminal charges in proceedings spanning several years and multiple jurisdictions. We made detailed submissions to the Commission for the Control of INTERPOL’s Files (CCF) for the deletion of […]
This week, our client – a senior professional within a regulated services firm and a man of good character – was exonerated as the prosecution finally offered no evidence against him for allegations of non-fatal strangulation, assault occasioning actual bodily harm and common assault. The case centred on an incident where our client says he […]
Last month, the Financial Conduct Authority banned Jes Staley, former chief executive of Barclays, from holding senior position in financial services, also fining him a £1.8 million fine, for misleading it over a personal relationship, namely with Jeffrey Epstein. In this article for FT Adviser, Joseph Duggin discusses the case and how it is a […]
From the most significant trends in his practice currently to the reasons behind his favourite holiday destination, Nick Vamos answered a series of questions on work and life for TL4 HNW Divorce Magazine – HNW Divorce Litigation Conference edition. Imagine you no longer have to work. How would you spend your weekdays? I would move […]
On Monday 20 November, Michael O’Kane and Maya Lester KC, from Brick Court Chambers, (for their newly relaunched site globalsanctions.co.uk) spoke at a webinar with the UK government on the test for ‘ownership and control’ by designated persons in UK sanctions law. Discussion included the government’s recent guidance on ownership and control, the Court of […]
