London-listed Georgian banks pressured to dodge US sanctions by central bank September 21, 2023 Two London-listed Georgian banks have been caught in the middle of a sanctions spat after the Georgian central bank told the lenders they don't need to comply with recently announced US sanctions.
Alexei Navalny: UK failed to sanction Putin critic’s top targets despite warnings February 19, 2024 Alexei Navalny drew up a list of Russian state figures to be sanctioned by Western governments three years ago - but the UK has failed to punish a number of his top targets despite direct pleas to ministers.
Wise breached Russia sanctions with £250 withdrawal and accused of having ‘inappropriate’ controls August 31, 2023 London fintech firm Wise has been accused of “inappropriate” controls by the government regulator today after allowing a sanctioned Russian customer to withdraw cash from a business account. Wise, which allows businesses and individuals to open current accounts and transfer money overseas, allowed the company of a so-called “Designated Person” to successfully withdraw £250 in [...]
Regulator hits KPMG and partner with near £2m in sanctions over M&C Saatchi scandal March 4, 2024 The accountancy regulator has fined KPMG and a partner over its audit of advertising agency M&C Saatchi. Back in 2019, the Big Four firm resigned as the ad giant’s auditor amid an accounting scandal which saw the company set aside £6.4m after it had spotted an error in its accounts. The business had also overstated [...]
Legal regulator contacts more than 1,000 law firms over poor sanctions compliance January 30, 2024 The UK's legal regulator has contacted more than 1,000 law firms that it deemed to have poor sanctions compliance systems in place.
Brandon Lewis: Former Tory chairman to join firm co-founded by sanctioned Russian billionaires October 25, 2023 Lewis will join the London-based firm, co-founded by billionaires Mikhail Fridman and Petr Aven, as an advisor.
MPs vote to sanction Boris Johnson after ‘damning’ privileges committee report June 19, 2023 Boris Johnson will no longer have a pass to Parliament after MPs voted to back sanctions against him in the apparent final chapter of his parliamentary career. Watched over by Sir Ian McKellen, MPs debated the privileges committee report which ruled the former prime minister had “deliberately misled” and committed “serious contempt”. It followed an [...]
Roman Abramovich: Ex-Chelsea owner loses legal bid against EU over Putin sanctions December 20, 2023 Abramovich had filed a lawsuit at the EU’s general court against the European Union Council, which imposed the punishment on the oligarch.
Ofcom could sanction GB News over five shows hosted by Tory MPs which breached rules March 18, 2024 Ofcom has warned it could sanction GB News after it has found five of the broadcaster's programmes to have breached its broadcasting code.
Russian gas flooding Europe: New government should “seize the opportunity” to close loopholes in sanctions regime, warns lawyer July 2, 2024 A British business that trades in Russian liquefied natural gas by operating an "unusual ship", has not been breaching the sanctions put in places after the Russian invasion into Ukraine