In recent years, through the introduction of the Green Claims Code, the UK’s Competition and Markets Authority (“CMA”) has taken an interest in the green claims made by businesses. This interest has included the CMA reviewing and investigating descriptions and labels used to promote ‘eco-friendly’ products. The Green Claims Code applies wherever a green claim is made by a business for a consumer.

As part of this interest in the green claims made by businesses, to date the CMA has focussed on two main sectors – the fashion retail sector and the Fast Moving Consumer Goods (“FMCG”) sector. While the CMA has already investigated businesses in the fashion retail sector, the CMA has more recently launched a review of environmental claims made by businesses in this FMCG space.

On 17 October 2022, OFSI and OFAC issued a joint statement to reiterate the close working relationship between the two agencies, explaining the rationale behind increased OFSI-OFAC co-operation and how this will manifest in practice. The statement follows a technical exchange attended by OFAC and OFSI in London, which concluded on 13 October 2022.

HMRC has published a guidance note to remind traders that a number of customs changes entered into force on 1 January 2022 in relation to the movement of goods between Great Britain and the EU.