Sanctions breaches now a strict liability offence
The Office of Financial Sanctions Implementation (OFSI) has updated its guidance on its approach to enforcement. This is partially to reflect changes in legislation brought in under the Economic Crime (Transparency and Enforcement) Act 2022. These changes include: A new strict civil liability test for imposing monetary penalties Changes to the review of monetary penalties […]
Report reveals extent of cybercrime risk to law firms
A new report from the Solicitors Regulation Authority (SRA) shows that email remains a significant vulnerability for law firms, involved in more than four out of five of all reported cybercrime incidents. The Risk Outlook report outlines new threats as criminals look to exploit new technology. It shows that 83% of cybercrimes reported in 2021 involved […]