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UK law firm compliance: POCA powers extended, OFSI Russia licence amended, ICO cross-border enforcement agreement, Legal Ombudsman strategy, and remote-working CDD—11 April 2024

Published on: 11 April 2024

Published by a LexisNexis Practice Compliance expert
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In this issue:

  • AML, CTF & counter-proliferation financing
  • Financial sanctions
  • Data protection
  • Other Practice
  • Compliance updates this week
  • Question of the week
  • Daily and weekly news alerts
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  • New and updated content

AML, CTF & counter-proliferation financing

Home Office publishes outcome of consultation on POCA 2002 investigative powers

The Home Office has released the government’s reply and conclusion to the consultation on ‘Changes to bodies granted investigatory and other powers under the Proceeds of Crime Act 2002’. As a result, powers for Accredited Financial Investigators will be extended to the Security Industry Authority, Food Standards Agency, Environment Agency, Public Sector Fraud Authority and the Department for Work and Pensions. These changes are implemented by The Proceeds of Crime Act 2002 (References to Financial Investigators) (England and Wales and Northern Ireland) (Amendment) Order 2024, SI 2024/425, which takes effect on 26 April 2024. See: LNB News 04/04/2024 32...

Financial sanctions

OFSI amends General Licence INT/2024/4576632 to remove prohibitory language

The Office of Financial Sanctions Implementation has revised General Licence INT/2024/4576632, removing prohibitory wording from the licence...

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