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Practice Compliance weekly: sanctions (UK/EU/US), AML/CTF and CPF, financial crime, data protection, AI explainability, and SRA retainer termination guidance—plus updated notes, precedents and checklists

Published on: 01 February 2024

Published by a LexisNexis Practice Compliance expert
Legal News
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Article summary

In this issue:

  • Financial sanctions
  • AML, CTF & counter-proliferation financing
  • Other financial crime
  • Data protection
  • Other Practice Compliance updates this week
  • Question of the week
  • LexTalk®Practice Compliance: a Lexis®Nexis community
  • Daily and weekly news alerts
  • New and updated content

Financial sanctions

Government updates

Russian sanctions guidance to include Schedule 3DA

The government has revised its Russian sanctions guidance to add licensing grounds connected to Schedule 3DA revenue‑generating goods. See: LNB News 31/01/2024 59.

UK and US announce new coordinated sanctions package against Iranian officials

The Foreign, Commonwealth and Development Office (FCDO) reports the UK and US have aligned on a fresh sanctions package targeting seven individuals and the Islamic Revolutionary Guard Corps (IRGC) Unit 840 organisation. All seven designated persons are members of IRGC Unit 840. ITV revealed the unit in December 2023 during an investigation into plots to murder presenters from Iran International in the UK. The FCDO also confirmed the UK has responded to at least 15 comparable threats and plots by the Iranian regime against British or UK‑based individuals...

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