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AVAILABLE TO PRE-ORDER

This timely and essential book is an emergency guide and effective insurance policy for all firms.

Written by barrister Hugo Lodge, this handbook provides specialist guidance on how to comply with financial sanctions regimes and what to do when faced with a potential sanctions breach by a client or within a firm. The Sanctions and Anti-Money Laundering Act 2018 is discussed in detail as well as recent guidance from the government and the SRA.

Chapter coverage includes:

• Practical ‘Don’t Panic’ pages with key steps to take in a sanctions emergency
• an overview of UK sanction regimes
• guidance on navigating sanctions in criminal law, civil monetary penalties and regulatory law requirements
• when and how to make reports to OFSI
• how to effectively apply for licenses from OFSI
• clarity on the difference between OFSI and SARs reporting obligations
• analysis of recent, significant cases in the financial sanctions area
• practical advice for commonly occurring sanctions problems, e.g. in real estate

This handbook offers valuable insight with clear practical steps, providing guidance on how to proceed when faced with targeted financial sanctions. Flowcharts of how to ensure compliance by a firm and its clients are provided, along with illustrative case studies.

Contents

1. (Don’t) Panic Pages   2. Overview of UK sanctions regimes  3. The question of Control: Designated Persons behind entities  4. Licences and Exemptions  5. Challenging UK sanctions designations  6. Criminal offences and Civil penalties  7. Case Study: Landlord & tenant  8. Case Study: Notification requirements, non-UK nationals  9. Case Study: Seizure of goods by HM Customs/Border Force  10. Analysis of recent sanctions case law. 

About the Author

Hugo Lodge is a barrister at 2BR in London, attorney in the Cayman Islands and former DIFC advocate. He specialises in regulatory law and targeted financial sanctions. Hugo acts in serious and organised crime cases and has expertise in AML and the related fields of counter proliferation finance and counter financing of terrorism. Hugo is an active member of the Financial Services Lawyers Association (FSLA) and has worked with the Financial Conduct Authority (FCA), helping establish the Office for Professional Body Anti-Money Laundering Supervision (OPBAS).