Magnistky Act: Who’s on the Foreign Office’s sanctions list? July 7, 2020 Foreign secretary Dominic Raab yesterday unveiled the first 49 foreign citizens facing sanctions for alleged human rights abuses under the UK’s new Magnitsky Act. The new sanctions include visa bans and asset freezes on individuals from Russia, North Korea, Saudi Arabia and Myanmar who are suspected of “serious” human rights abuses, including murder, torture, massacre [...]
Gas prices spike 30 per cent amid Nord Stream pipeline explosions September 27, 2022 Gas prices have skyrocketed this afternoon, following reports of explosions at the sites of reported leaks in the Nord Stream pipeline.
SFO chief wants to pay whistleblowers – but City lawyers warn policy faces hurdles February 14, 2024 City lawyers have warned that implementing a policy of paying financial crime whistleblowers rewards in the UK won't be straight forward and faces a number of legal and cultural challenges.
Sir Tim Clark says Emirates will continue flying to Russia until told otherwise March 29, 2022 Emirates will continue flying to Russia until told otherwise, the airline’s chief executive Sir Tim Clark said this morning. Since the conflict’s outbreak, the UAE Government – who also owns Emirates – decided not to take sides between Western countries and Moscow, using Emirates aircraft to carry out humanitarian goods and diplomats in and out [...]
US sanctions could impact Huawei reliability, says tech minister July 6, 2020 Ongoing US sanctions against Huawei could significantly affect the Chinese tech firm’s reliability as a supplier to other countries, culture secretary Oliver Dowden has said. Measures announced by Washington last month prevent Huawei from working with US companies to source parts for its telecoms equipment, which is installed in the UK’s 5G networks. The UK [...]
Everton could be on minus points if points deduction for fair play enforced October 25, 2023 The Premier League has recommended a 12-point deduction be slapped on Everton in relation to breaches of Financial Fair Play Regulations. Reports in the Telegraph suggest that the independent commission that rules on financial breaches has been told to impose a heavy sanction. The Merseyside club were referred by the Premier League to the commission [...]
EU scraps plans to ban shipping of Russian oil imports amid backlash May 10, 2022 The European Union has been forced to abandon plans to bar the shipping of Russian crude oil amid pushback from member states.
Hard to Believe: Music giant which worked with Slayer and Björk will keep operating in Russia, and advises artists how to get around ban March 15, 2022 A French music giant has vowed to continue its operations in Russia, and even advised its partners how to work around sanctions. The ‘Believe’ group, which has worked with acts including Björk and Slayer, also has a UK arm, reportedly sent a newsletter last week to its partners in Russia, according to The Guardian, which [...]
PwC fined £15m by FCA after London Capital & Finance fraud failure August 16, 2024 PwC has been fined £15m by the Financial Conduct Authority after it failed to alert the regulator that London Capital & Finance (LCF) might be involved in fraudulent activity. In the first ever fine issued by the FCA to an audit firm, the watchdog said that PwC had encountered “significant issues” throughout their 2016 audit [...]
Crypto exchange Coinbase blocks 25,000 Russian accounts March 8, 2022 Crypto exchange Coinbase has blocked 25,000 accounts linked to Russian individuals and businesses.