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UK practice compliance briefing: Russia legal advisory services licence revoked; ships sanctioned, financial crime, cyber security MoU, CFA billing ruling, DMCCA 2024 implementation, EHRC hybrid working - 12 September 2024

Published on: 12 September 2024

Published by a LexisNexis Practice Compliance expert
Legal News
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Article summary

In this issue:

  • Financial sanctions
  • Other financial crime
  • Cybersecurity
  • Other Practice
  • Compliance updates this week
  • Daily and weekly news alerts
  • Trackers

Financial sanctions

Revocation of General trade licence Russia sanctions – legal advisory services

The Export Control Joint Unit and the Department for Business and Trade have announced that the General Trade Licence (Russia Sanctions – Legal Advisory Services) was withdrawn with effect from 6 September 2024, following amendments to the Russia Sanctions Regulations. This General Licence had allowed the direct or indirect supply of legal advisory services to support compliance with specified laws or measures, including restrictive measures on or relating to Russia. See: LNB News 06/09/2024 44.

Updates to guidance on Russian services sanctions

The Department for Business and Trade (DBT) and the Foreign, Commonwealth and Development Office have refreshed guidance on meeting professional and business services sanctions concerning Russia. The revisions align the guidance with changes to Regulation 54D introduced by the Russia (Sanctions) (EU Exit) (Amendment) (No 4) Regulations 2024, SI 2024/900, which address restrictions on legal services. See: LNB News 05/09/2024 48, LNB News 06/09/2024 31 and LNB News 06/09/2024 49...

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