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  • Understanding Sanctions Risks: Colorcon’s Case Study

    Understanding Sanctions Risks: Colorcon’s Case Study

    On 30 September 2025, the UK’s Office of Financial Sanctions Implementation (OFSI) announced a monetary penalty of £152,750 against Colorcon Limited, a UK pharmaceutical supplier, for breaching Russia sanctions. Colorcon’s Moscow representative office made payments between March and December 2022 to employees and service providers whose accounts were held at designated Russian banks – including Read more

  • Understanding Ownership and Control in EU Sanctions Compliance

    The EU Sanctions Helpdesk has released a resource to assist small businesses and sanctions professionals in understanding how ownership and control affect sanctions obligations. It addresses key concepts and challenges in compliance with EU sanctions law, supporting SMEs in navigating complex regulatory environments, with Ian Matthews as the primary author. Read more

  • UK Issues Groundbreaking Sanctions Guidance for Non-UK Businesses: What You Need to Know

    UK Issues Groundbreaking Sanctions Guidance for Non-UK Businesses: What You Need to Know

    The UK government has issued its first sanctions compliance guidance targeting businesses outside the UK, addressing concerns about circumvention, especially regarding Russia. This comprehensive document warns that non-UK entities could face sanctions if involved in evading UK measures. It outlines risks, compliance steps, and emphasizes the necessity for global businesses to align with UK sanctions… Read more

  • Sharpen Your Knowledge – Enrol in the ACSS UK Sanctions Essentials Course

    Sharpen Your Knowledge – Enrol in the ACSS UK Sanctions Essentials Course

    The Association of Certified Sanctions Specialists (ACSS) is once again offering its highly regarded UK Sanctions Essentials training course this month. This flexible, 7-hour course combines self-paced e-learning with two live virtual classrooms, led by industry experts: Whether you’re new to UK sanctions or looking to refresh your knowledge, this course is structured for accessible, practical learning. 🗓 Course goes live: Read more

  • UK Strengthens Sanctions Whistleblowing

    UK Strengthens Sanctions Whistleblowing

    Starting 26 June 2025, the UK government is enhancing sanctions enforcement by introducing whistleblower protections and streamlining breach reporting. The Office of Trade Sanctions Implementation has launched a new service for reporting, while amendments to the Employment Rights Act will protect individuals from retaliation for qualifying disclosures. Due diligence remains essential. Read more

  • EU launches Sanctions Helpdesk

    EU launches Sanctions Helpdesk

    The EU Sanctions Helpdesk has been established to aid SMEs in sanctions compliance, offering personalized support, a comprehensive website, and collaboration with various stakeholders to enhance understanding and execution of due diligence checks. Read more