Adam Benedict instructed in sanctions and professional regulation matter

The Russia (Sanctions) (EU Exit) Regulations 2019 impose complex and far-reaching obligations on individuals and organisations operating within regulated sectors.

For legal professionals, sanctions compliance is not simply a matter of identifying whether a particular individual or entity is subject to restrictions. It can also require careful consideration of professional duties, internal decision-making, the management or termination of client retainers and the steps taken when potential sanctions concerns arise.

These issues are receiving increased attention as sanctions enforcement and regulatory scrutiny continue to develop.

Against this backdrop, Ian Coupland, Head of Litigation at Adam Benedict, is acting in an SRA matter concerning an alleged breach of the Russia (Sanctions) (EU Exit) Regulations 2019.

Ian has instructed Jeremy Barnett of St Paul’s Chambers, whose practice includes professional discipline, regulatory investigations and complex matters of professional conduct. The firm would also like to thank Henry Reid of Outer Temple Chambers for his specialist input.

The investigation raises important questions concerning the practical application of the sanctions regime, the effect of terminating a professional retainer and the responsibilities of legal practitioners when sanctions-related concerns are identified.

The matter illustrates the increasingly close relationship between sanctions law and professional regulation. Firms and regulated professionals must be able to demonstrate not only that potential risks were recognised, but that their decisions were properly considered, documented and implemented in accordance with their wider professional obligations.

As the regulatory landscape continues to evolve, sanctions-related investigations are likely to remain a significant area of concern for professionals and organisations. Receiving specialist advice at an early stage can be critical to understanding the allegations, protecting the individual or firm’s position and responding effectively to the relevant regulator.

Adam Benedict advises individuals and businesses facing regulatory investigations, professional disciplinary proceedings and other complex enforcement matters.

If you are dealing with an SRA investigation or a potential sanctions compliance issue, contact our Litigation team to discuss how we can assist.