New UK Financial Regulator Heralds Tougher Enforcement Era
By Mark Taylor (December 14, 2016, 9:08 PM GMT) -- Britain earlier this year established the Office of Financial Sanctions Implementation, adding another enforcer to the list of names policing U.K. banks and signaling a more robust approach to fighting transaction violations.
The OFSI, which was established in March and is currently consulting on its powers, has been assigned the role of prosecuting violations of British financial sanctions law by countries and individuals, taking over detection from the Treasury in a bid to catch up with aggressive U.S. enforcement efforts.
Law360 spoke to attorneys for the lowdown on the OFSI: how it compares to its feared U.S. counterpart, the Office of...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!