In April 2025 Legal Services Threat Assessment published by the UK Office of Financial Sanctions Implementation (OFSI). The report provides a detailed analysis of the sanctions compliance risks facing UK legal services providers, with a particular focus on the period following Russia’s invasion of Ukraine in 2022. OFSI highlights the legal sector’s critical role in…
The Office of Financial Sanctions Implementation has set up a new legal sector engagement forum
The Office of Financial Sanctions Implementation, a division of HM Treasury UK, has set up a new legal sector engagement forum. The OFSI helps ensure financial sanctions are understood, implemented and enforced. The forum has been set up to enhance the direct engagement between the OFSI and the legal sector. The forum is an opportunity…
Solicitors Regulation Authority of England and Wales issues financial sanctions guidance
The focus on how UK businesses interact with those connected to certain countries and organisations – and the Government’s sanctions regime – has increased since the Russian invasion of Ukraine. There have been a number of changes to the regime, so the Solicitors Regulation Authority (SRA) has published guidance to help law firms in England…