Helen Harvey

Oct 8, 2024 | mondaq.com | Lorna Emson |Helen Harvey

The FCA has fined Starling Bank (the Bank) £29m for failings in their financial crime systems and controls. As the FCA summarised it, the Bank's financial crime controls "failed to keep pace with its growth". The FCA Final Notice set out how the Bank underwent exponential growth from the first account opened in July 2016 to a customer base of approximately 3.6m in 2023.

Oct 8, 2024 | exportprac.com | Lorna Emson |Helen Harvey |Francis Bond

Posted 10/8/24From October, the Office of Trade Sanctions Implementation (OTSI) will be empowered to investigate breaches of trade sanctions and impose corresponding civil monetary penalties. We examine the powers OTSI will have, how it will interact with other UK sanctions authorities and what impact it may have. This item is available in full to subscribers.

Oct 2, 2024 | mondaq.com | Helen Harvey |Francis Bond

From October, the Office of Trade Sanctions Implementation (OTSI) will be empowered to investigate breaches of trade sanctions and impose corresponding civil monetary penalties. We examine the powers OTSI will have, how it will interact with other UK sanctions authorities and what impact it may have. Many will have become familiar with references to OFSI, the Office of Financial Sanctions Implementation, which deals with the civil enforcement of financial sanctions.

Sep 30, 2024 | lexology.com | Lorna Emson |Helen Harvey |Francis Bond

From October, the Office of Trade Sanctions Implementation (OTSI) will be empowered to investigate breaches of trade sanctions and impose corresponding civil monetary penalties. We examine the powers OTSI will have, how it will interact with other UK sanctions authorities and what impact it may have. OTSI Many will have become familiar with references to OFSI, the Office of Financial Sanctions Implementation, which deals with the civil enforcement of financial sanctions.

Jul 23, 2024 | mondaq.com | Max Hobbs |Helen Harvey

At the end of June, the Court of Appeal handed down judgment in the case of R (oao World Uyghur Congress) v NCA [2024] EWCA Civ 715. The Court of Appeal has clarified the operation of certain parts of the UK's Proceeds of Crime Act 2002 (POCA) and the approach the UK authorities should take to money laundering investigations. The judgment is important for a number of reasons.