OFSI Issues Monetary Penalty for Breaches Linked to Russiaâs Invasion of Ukraine The Office of Financial Sanctions Implementation (OFSI) has today announced it has issued a monetary penalty for breaches of the Russia financial sanctions regime linked to Russiaâs illegal invasion of Ukraine in 2022.
Â
A monetary penalty of £5,000 has been imposed on the UK-registered Svarog Shipping & Trading Company Limited. The penalty relates to an information offence and is the first of its kind to be issued by OFSI. This case signals to industry the importance of responding to Requests for Information in a timely and comprehensive manner; doing so helps contribute to the effective implementation and robust enforcement of financial sanctions. For more information, read our accompanying blog post. For the penalty notice: |
|
|
|
Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please visit subscriberhelp.govdelivery.com.
This service is provided to you at no charge by UK Government Economic Sanctions.
| | This email was sent to [email protected] using govDelivery Communications Cloud on behalf of: Foreign, Commonwealth & Development Office · King Charles Street, London, SW1A 2AH | |
|
