The Office of Financial Sanctions Implementation has released updated guidance covering their compliance and enforcement approach

COVID-19 Impact Assessment: Risk Typologies and Mitigation Strategies
The Financial Conduct Authority launches criminal proceedings against NatWest

The Office of Financial Sanctions Implementation (OFSI) has released updated guidance covering their compliance and enforcement approach and how they will assess whether to apply a monetary penalty, among other things. Financial Institutions who operate in the UK should review this guidance and update their Sanctions Risk management/internal incident response procedures if necessary.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/968229/MP_guidance_April_2021.pdf

Share with: