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Truly Green or Emperor’s New Clothes? - The UK CMA Targets Fast Fashion First In Its Investigation of Sustainability Claims

United Kingdom - August 2 2022 On 29 July 2022, the UK Competition and Markets Authority (CMA) launched an investigation into three fashion firms over potentially misleading…

Matthew Dunlap, Richard Jerman, Stephanie Pong

UK authorities issue red alert on Russia sanctions evasion typologies

Russia, United Kingdom - July 18 2022 On 13 July 2022, the National Economic Crime Centre, a multi-agency unit in the National Crime Agency (NCA), and the Office of Financial Sanctions…

Saqib Alam, Hayley Ichilcik, Shawna Pasquale

OFSI Fines UK Firm Located Overseas for UK Financial Sanctions Breach

United Kingdom - July 5 2022 The Office of Financial Sanctions Implementation (OFSI) imposed a £15,000 penalty on UAE-based and UK-registered entity, Tracerco Limited (Tracerco)…

Tola Adeseye, Hayley Ichilcik, Stephanie Pong

New Climate-Related Financial Disclosures for Private Companies and LLPs

United Kingdom - June 1 2022 Companies and Limited Liability Partnerships (LLPs) “with the greatest economic and environmental impact” are now subject to the legal requirement to…

Matthew Dunlap, Stephanie Pong

FRC report highlights shortcomings in UK modern slavery corporate reporting

United Kingdom - May 10 2022 On 25 April 2022, in collaboration with the UK Independent Anti-Slavery Commissioner, the Financial Reporting Council (“FRC”) published a report on…

Saqib Alam, Hayley Ichilcik, Stephanie Pong