Civil Law

Key Points of the Anti-Foreign Sanctions Law Implementation Rule

Authored by: Guan Feng (James) , Zhao Guannan and Huang Yabing

Amid growing global complexity and instability, China enacted the Anti-Foreign Sanctions Law (AFSL) in 2021, providing a legal framework for countering undue foreign sanctions. Following four years of deliberation, the State Council introduced the Regulations on the Implementation of the Anti-Foreign Sanctions Law (New Regulations) on 23 March 2025, refining operational rules and strengthening enforceability. This article provides a practical analysis of the key aspects of the New Regulations … Read the rest

Civil Law

FICA sanctions for financial services providers

This blog was co-authored by Michael McCarthy, trainee associate, litigation insurance.

On 20 March 2024 the Financial Sector Conduct Authority published a number of administrative sanctions for financial services providers who had failed to comply with the Financial Intelligence Centre Act (FICA). The FSCA, the supervisory body responsible for financial services providers under FICA, issued the sanctions following inspections it conducted during the course of 2023. Each FSP was found to have contravened section 42(1) and (2) of FICA for … Read the rest