United Kingdom: Money Laundering

The UK art market faces heightened regulatory scrutiny as enforcement activity intensifies despite a downgraded money laundering risk rating. New amendments to Money Laundering Regulations and expanded sanctions reporting obligations signal a shift toward more active supervision, while recent prosecutions and significant fines demonstrate authorities' commitment to robust compliance frameworks across galleries, dealers, and auction houses.

The UK's Office of Financial Sanctions Implementation has imposed a £1 million penalty on Sabre Global Technologies Limited for continuing to provide services to a designated Russian airline after sanctions were imposed.

The UK’s Office of Financial Sanctions Implementation (OFSI) announced on 17 June its largest penalty since Russia’s full-scale invasion of Ukraine in 2022...

Unexplained Wealth Orders (UWOs) were introduced pursuant to the Criminal Finances Act 2017 in the UK to strengthen UK proceeds of crime regimes.

BCL Solicitors' sanctions and export controls team provides comprehensive updates on UK and international sanctions developments, enforcement trends, and compliance guidance.

The UK Companies House and Insolvency Service announced that it had shut down three connected companies providing unregulated company secretary and registration services to more...

The Frankfurt-headquartered European Anti-Money Laundering Authority ("AMLA"), formally known as the Authority for Anti-Money Laundering ("AML") and Countering the Financing of Terrorism ("CTF")...

HM Treasury (HMT) recently published a draft statutory instrument (SI), The Money Laundering and Terrorist Financing (Amendment and Miscellaneous Provision) Regulations 2025...

As of 14 May 2025, the Office of Financial Sanctions Implementation (OFSI) has widened the ambit of firms subject to sanctions reporting requirements.