Commenting on a letter from the European Commission to the European Supervisory authorities calling for ‘collective reflection’ on how to improve AML cooperation and prudential supervision, Anna observes that increased AML supervision at the EU level could see banks lose their licenses before national regulators take action. “While it is too early to predict what […]
The risk of breaching Russian sanctions remains a top concern for European banks, corporations and wealthy individuals despite market tensions surrounding the U.S. withdrawal from the Iran deal. Some wealthy Russians in London are concerned about their ability to use their bank accounts, as financial institutions are closing accounts to avoid the risk of sanctions […]
Anna Bradshaw is quoted on the practical difficulties in connection with the implementation of the Joint Common Plan of Action (JCPOA) on Iran, as a result of parallel anti-money laundering and counter-terrorist financing standards produced by the Financial Action Task Force (FATF). Anna notes, “Trade with Iran is ostensibly encouraged, in recognition of the key […]
Foreign subsidiaries of U.S. companies have six months to leave Iran, according to U.S. government guidance released alongside President Donald Trump’s decision Tuesday to exit the nuclear agreement. The Iran agreement lifted some U.S. and international sanctions in exchange for Tehran freezing its nuclear program but Mr, Trump called it “defective at its core” during […]
The inquiry will examine the practical and legal challenges for negotiating a security treaty with the EU, and what such a treaty might cover. Read more.
Partner Anna Bradshaw tells ACAMS moneylaundering.com that introducing public registers in the overseas territories may prove only marginally helpful to banks when screening clients or transactions for illicit activity. “You can’t rely on information obtained from public registers as a substitute for your own due diligence,” Bradshaw said. “At most they’re helpful as an additional […]
Nick Vamos, Partner at Peters & Peters and former Head of Extradition at the CPS, recently gave evidence to the EU Home Affairs Sub-Committee. The Sub-Committee looked at a range of issues related to post Brexit extradition and the challenges for negotiating a security treaty with the EU, and discussed the ‘awkward squad’ of countries […]
Partner Neil Swift and Associate Miranda Ching are representing Dr Aleksandr Kogan, the Cambridge University professor at the centre of the Cambridge Analytica and Facebook data scandal. Kogan gave evidence before the Parliamentary Select Committee this week as part of the Digital, Culture, Media and Sport Committee’s inquiry into fake news.
Partner Anna Bradshaw is speaking on Iran Sanctions at the Advanced Forum on Economic Sanctions Enforcement and Compliance. Read more.
The most comprehensive list of Top 30 European Law Blogs has been released and the European Sanctions blog, co-written by Senior Partner, Michael O’Kane. Read more.
