OFSI’s New Power to Issue Monetary Fines for Sanctions Breaches: Consultation

January 11, 2017

The consequences of breaching sanctions in the UK are due to increase in April. Prominent among the new measures is the power for the Office of Financial Sanctions Implementation (OFSI) to impose a monetary penalty and to do so to a civil evidential standard. OFSI has published draft Guidance, indicating how it will use this power and is currently consulting on it.

Read "OFSI's New Power to Issue Monetary Fines for Sanctions Breaches: Consultation".

Visit our Sanctions page International Sanctions: Resources for Meeting Compliance Challenges