BLL in the news — August 2021

An overview of our press this month

Jonathan Fisher QC quoted on financial penalty for FinTech company

Jonathan Fisher QC was quoted by Thomson Reuters on the recent financial penalty issued against TransferGo Limited for breach of sanctions — a sign that there is likely to be more activity in this area, including for those who are not traditional financial institutions.

Anita Clifford on new Belarus sanctions

On 9 August 2021, the UK government, together with the EU and US, announced new sanctions on the Belarussian regime. Anita Clifford commented for Thomson Reuters on steps that banks in the UK should be taking and the duty to report to OFSI.

Anita Clifford on cannabis investment

In an article for PLC magazine, Anita Clifford explored the considerations that apply when assessing medicinal and recreational cannabis business opportunities, and identified proceeds of crime vulnerabilities and how to address then.

Rachel Clark on financial institution notices

Rachel Clark wrote an article for Accountancy Daily on HMRC’s new powers to issue financial institution notices, discussing the grey area of whether they could extend abroad, as well as practical considerations for those faced by such a notice.