UK FCA HAS ALMOST HALVED ITS NUMBER OF ACTIVE SANCTIONS INVESTIGATIONS

On 18 August, Global Investigations Review reported that the FCA has approximately halved its investigations into whether companies have established adequate safeguards to prevent sanctions violations. It has 6 investigations as of 4 August, compared to 11 ongoing sanctions-related investigations in May 2019, and has opened just 1 new investigation since the beginning of 2019.

https://globalinvestigationsreview.com/article/just-sanctions/1230083/uk-financial-regulator%E2%80%99s-sanctions-caseload-shrinks-as-brexit-looms

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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