With a record number of enforcement cases resolved in recent years, the Financial Reporting Council (FRC) is continuing to show its determination to hold firms and individuals to account for serious accounting and audit failures. In our latest briefing, we set out five key themes for relevant firms and individuals to be aware
New UK civil enforcement authority created to investigate violations of trade sanctions
The UK’s Industry and Economic Security Minister, Nusrat Ghani, today announced the creation of a new civil enforcement unit, the Office of Trade Sanctions Implementation (OTSI). OTSI is expected to become operational early next year, and will focus on the civil enforcement of trade sanctions, including in relation to the circumvention or evasion
Horizon Scanning – Investigations and Enforcement – November 2023
- a focus from organisations on fraud, in particular
Initial steps to take on discovery of a sanctions breach
Introduction
Following the unprecedented levels of sanctions activity in response to Russia’s invasion of Ukraine, which has resulted in companies dealing with the most significant and complex sanctions regimes across multiple jurisdictions, authorities in the US, UK and EU are now turning their attention to enforcement of those sanctions.
Sanctions authorities have indicated that they
UK investigations and financial crime: Horizon Scanning
- continued reform of corporate criminal
Financial crime investigations in the UK: looking ahead to 2023
- a renewed focus on fraud, including further