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Sanctions compliance failure: Lessons from OFSI’s £160,000 fine against Bank of Scotland

The VinciWorks Team

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Hong Kong identified by the FBI as a top destination for fraudulent wire transfers

The FBI’s 2024 Internet Crime Report reveals Hong Kong as a top destination for wire fraud: Learn how to safeguard your organisation.

Sara Henna Dahan

How to avoid a corporate offence: What the SFO expects of companies

Learn what the SFO expects from companies facing fraud allegations, including when to self-report and how to co-operate to secure a DPA.

Nick Henderson-Mayo

LSAG, SRA

New LSAG guidance raises the bar for AML compliance in legal services

The Legal Sector Affinity Group (LSAG) has released its latest update to the HM Treasury-approved Anti-Money Laundering (AML) guidance.

Naomi Grossman

Yorkshire law firm fined £36K for anti-money laundering failures

Holden Smith Law was fined £36,000 for anti-money laundering breaches. What went wrong and how can firms avoid similar pitfalls?

Sara Henna Dahan

FCA, sanctions, SRA

Is a risk-based approach a necessity for sanctions compliance now?

In the ever-evolving world of sanctions regulation, organisations need a well-designed, risk-based sanctions compliance programme.

Naomi Grossman

Law firms, Legal services, OFSI, sanctions

What does OFSI’s legal services threat assessment mean for the legal sector?

What does OFSI’s legal services threat assessment mean for the legal sector? Is it time to take action? Everything you need to know.

Naomi Grossman

Tariff evasion is tax evasion: The increasing risk of international trade compliance

Evading or reducing tariffs is a form of tax evasion, and regulators in the EU, US and UK are taking a stricter view as trade wars heat up.

Nick Henderson-Mayo

Compliance and the definition of sex in the Equality Act: Applying the For Women Scotland ruling in your organisation

What the For Women Scotland UK Supreme Court ruling means for organisations and how policies should be clarified or amended.

Nick Henderson-Mayo

Isle of Man to update financial crime regulations

As the Isle of Man prepares to update its financial crime regulations to cover bribery and proliferation financing, how will you comply?

Nick Henderson-Mayo

How to avoid a corporate offence: What the SFO expects of companies

The Serious Fraud Office (SFO) has released a significant piece of guidance: Corporate Co-Operation and Enforcement in relation

Nick Henderson-Mayo

LSAG, SRA

New LSAG guidance raises the bar for AML compliance in legal services

In a move that underscores the UK legal sector’s evolving role in the fight against financial crime, the

Naomi Grossman

Yorkshire law firm fined £36K for anti-money laundering failures

Huddersfield-based Holden Smith Law has been fined over £36,000 by the Solicitors Regulation Authority (SRA) for failing to

Sara Henna Dahan

FCA, sanctions, SRA

Is a risk-based approach a necessity for sanctions compliance now?

In a word, yes. In the ever-evolving world of sanctions regulation, the message from the enforcers is becoming

Naomi Grossman

Law firms, Legal services, OFSI, sanctions

What does OFSI’s legal services threat assessment mean for the legal sector?

In a first-of-its-kind move, the UK’s Office of Financial Sanctions Implementation (OFSI) has issued a Legal Services General

Naomi Grossman

Tariff evasion is tax evasion: The increasing risk of international trade compliance

The inauguration of the second Trump administration has ushered a new era of sweeping tariffs across sectors and

Nick Henderson-Mayo

Compliance and the definition of sex in the Equality Act: Applying the For Women Scotland ruling in your organisation

On April 16, 2025, the UK Supreme Court delivered a landmark judgment in For Women Scotland Ltd v

Nick Henderson-Mayo

Isle of Man to update financial crime regulations

The Isle of Man is preparing to update its financial crime laws, taking a significant step toward aligning

Nick Henderson-Mayo

New failure to prevent bribery case should be a wake up call for adequate procedures

On 17 April 2025, the UK’s Serious Fraud Office (SFO) announced it had charged United Insurance Brokers Limited

Nick Henderson-Mayo

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