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United Kingdom

UK Practice Compliance: Sanctions strategy and enforcement, AML/CTF updates, ICO biometric action, NCSC cyber governance, SLAPPs and NDAs

Published on: 29 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
  • Cybersecurity
  • Other Practice
  • Compliance updates this week
  • Daily and weekly news alerts
  • Trackers
  • New and updated content

Financial sanctions

Law360 notes that a billionaire linked to Roman Abramovich was unsuccessful on 27 February 2024 in seeking to overturn sanctions imposed after Russia’s invasion of Ukraine, representing the first substantive appeal against the UK government’s sanctions regime since the conflict began. See News Analysis: Abramovich ally loses appeal to upend UK sanctions in test case.

The US Department of the Treasury (USDT) has released analysis on the second phase of the price cap on Russian oil. It highlights three themes: prices secured by Russian sellers have fallen since phase two commenced; market participants and analysts associate the widening discount on Russian oil with the Coalition’s heightened enforcement; and Russian oil export volumes have remained stable in recent months. See: LNB News 26/02/2024 72...

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