UK Financial Sanctions Enforcer Probing 60 Cases

Law360, London (October 16, 2017, 3:16 PM BST) -- British investigators are opening, on average, one new investigation a week into alleged financial sanctions breaches committed by U.K. regulated banks and businesses, records obtained by Law360 show.

The Office of Financial Sanctions Implementation has revealed there are 60 "live" cases of UK firms suspected of breaching laws. (AP) The Office of Financial Sanctions Implementation, a branch of HM Treasury, has opened 125 investigations into individuals and firms between March 2016, when it was established, and July 2017.

The department revealed there were 60 "live" cases of firms regulated by the Financial Conduct Authority and the Prudential Regulation Authority, the Bank of...

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