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Practice compliance weekly: OFSI Evraz licence revoked, AML reforms, ECCTA 'failure to prevent fraud' in force, SFO LIBOR reversals, ICO complaint-handling consultation, AI content labelling, modern slavery reporting

Published on: 04 September 2025

Published by a LexisNexis Practice Compliance expert
Legal News
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In this issue:

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

Financial sanctions

OFSI revokes general licence for Evraz North American subsidiaries

The Office of Financial Sanctions Implementation has cancelled General Licence INT/2022/1710676. First granted on 29 April 2022 under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019 (SI 2019/855), it had enabled Evraz plc’s North American subsidiaries to continue operating. See: LNB News 03/09/2025 30.

AML, CTF & counter-proliferation financing

HM Treasury publishes policy note and draft regulations on reforming Money Laundering regime

HM Treasury has issued a policy note outlining proposed changes to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, alongside draft Money Laundering and Terrorist Financing (Amendment and Miscellaneous Provision) Regulations 2025. The proposals target gaps, improve proportionality and address emerging risks, including cryptoasset rules, pooled client accounts and trust registration...

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