“There was likely a lot of overreporting, or overcautious reporting, in the first years of the [Russia] sanctions being in force. And when firms saw that OFSI was apparently not responding, they started to take a more measured approach.”
The UK’s civil financial sanctions enforcer has 39 active investigations into law firms suspected of breaching sanctions, according to data obtained by Global Investigations Review through a Freedom of Information Act request.
Our partner Matt Getz discusses why and when law firms self-report potential sanctions breaches.
Read more here.
