In recent coverage by ICLG News and Solicitors Journal, Senior Partner Michael O’Kane commented on the Office of Financial Sanctions Implementation’s (OFSI) £4.7 million penalty imposed on Citibank’s London branch for breaches of UK Russia sanctions. Michael noted that the Russian invasion of Ukraine and the unprecedented scale and pace of sanctions that followed created […]
In recent coverage by Law360 UK and Solicitors Journal, Michael O’Kane has been featured with his comments on the UK government’s plans to increase OFSI’s maximum sanctions penalties. Michael noted that many OFSI enforcement cases to date have involved negligent breaches or compliance system failures occurring during a period of rapid sanctions expansion, rather […]
Anna Bradshaw has been quoted in a new report by Karam Shaar Advisory examining the anti-money laundering (AML), sanctions and compliance challenges facing Syrian banks as they seek to reconnect with the international financial system. The report, Beyond Evaluations: Risk Indices and the Challenges Syrian Banks Face Outside FATF, explores how risk assessments, regulatory technology […]
We’re pleased to share that Anna Bradshaw, Partner in our Business Crime & Sanctions team, has been quoted in The Guardian’s latest reporting on UK export controls. The article examines concerns raised by sanctions experts over a UK company’s approved export of advanced machinery to Armenia, following revelations about potential links to the Russian war […]
In a webinar hosted by the International Underwriting Association, Michael O’Kane and Maya Lester KC of Global Sanctions discussed the growing impact of global trade sanctions on the insurance industry. Senior Partner Michael O’Kane provided attendees with a clear and practical assessment of the challenges facing insurers operating across multiple jurisdictions. His contribution focused […]
We are pleased to share that Partner, Anna Bradshaw, was recently featured in a Q&A with Global Investigations Review, alongside fellow editors of the sixth edition of the Guide to Sanctions. In the interview, Anna discusses the most significant developments in global sanctions over the past year, key emerging trends, and how companies can manage the […]
In April 2023, the UK government imposed sanctions on a number of individuals, including Tatiana Evtushenkova. Following submissions made by Peters & Peters to the UK government challenging the lawfulness of its decision to sanction her, a court action was filed and, following the service of grounds and evidence, the government de-listed Ms Evtushenkova […]
Senior Partner Michael O’Kane and Maya Lester KC, of Brick Court Chambers, hosted a discussion on present and potential future sanctions on China on 2 May 2023. They examined the political context in which sanctions have been imposed on China, and in what context additional restrictions may be imposed in the future. The discussion covered what […]
A few weeks ago, Eugene Shvidler, a billionaire who has been associated with Russian oligarch Roman Abramovich, launched the first legal challenge to reach the London courts to the UK’s Russian sanctions regime. Shvidler is arguing that the Foreign Office made “significant errors” in deciding to freeze his assets. He also challenges that he is […]
Sanctions are one of the leading global issues of our time and, as part of LIDW23, we are co-hosting a breakfast discussion with Global Legal Group, at which leading practitioners will share their thoughts on listings, their impact, enforcement and compliance. They will survey the fast-changing terrain and give much-needed clarity in this complex area. […]
