Full Description
This timely and essential book is an emergency guide and
effective insurance policy for all firms.
Written by barrister Hugo Lodge, this handbook provides specialist
guidance on how to comply with financial sanctions regimes and what to do when
faced with a potential sanctions breach by a client or within a firm. The
Sanctions and Anti-Money Laundering Act 2018 is discussed in detail as well as
recent guidance from the government and the SRA.
Chapter coverage includes:
Practical 'Don't Panic' pages with key steps to
take in a sanctions emergency
an overview of UK sanction regimes
guidance on navigating sanctions in criminal
law, civil monetary penalties and regulatory law requirements
when and how to make reports to OFSI
how to effectively apply for licenses from OFSI
clarity on the difference between OFSI and SARs
reporting obligations
analysis of recent, significant cases in the financial
sanctions area
practical advice for commonly occurring
sanctions problems, e.g. in real estate
This handbook offers valuable insight with clear practical steps,
providing guidance on how to proceed when faced with targeted financial
sanctions. Flowcharts of how to ensure compliance by a firm and its clients are
provided, along with illustrative case studies.
Contents
1. (Don't) Panic Pages 2. Overview of UK sanctions regimes 3. The question of Control: Designated Persons behind entities 4. Licences and Exemptions 5. Challenging UK sanctions designations 6. Criminal offences and Civil penalties 7. Case Study: Landlord & tenant 8. Case Study: Notification requirements, non-UK nationals 9. Case Study: Seizure of goods by HM Customs/Border Force 10. Analysis of recent sanctions case law.
