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UK Risk and Compliance Weekly: OFSI General Licences, Belarus Sanctions, SFO Glencore Bribery Charges, CrowdStrike Guidance, and Trackers—15 August 2024

Published on: 15 August 2024

Published by a LexisNexis Risk & Compliance expert
Legal News
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Article summary

Risk & Compliance weekly highlights—15 August 2024

In this issue:

  • Financial sanctions
  • Other financial crime
  • Other Risk & Compliance updates this week
  • Daily and weekly news alerts
  • Trackers
  • New and updated content

Financial sanctions

OFSI issues General Licence in relation to insolvency proceedings associated with EastWest United Bank

The Office of Financial Sanctions Implementation has introduced General Licence INT/2024/5028385 under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019, permitting payments and other authorised activities connected to insolvency proceedings involving EastWest United Bank. INT/2024/5028385 took effect on 9 August 2024 and will expire at 11:59 pm on 8 August 2029. See: LNB News 09/08/2024 35.

OFSI amends General Licence INT/2022/2009156

OFSI has updated General Licence INT/2022/2009156, widening the scope of payments allowed to UK insurance companies under the UK sanctions regime to cover employers’ liability insurance. See: LNB News 09/08/2024 36...

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