First OFSI penalty– £5k on Raphaels Bank for dealing with £200

25 February 2019

On 21 January 2019, OFSI imposed its first monetary penalty. The penalty is £5,000 on Raphaels Bank in the UK for violating EU Egypt sanctions, namely dealing with £200 in funds belonging to a...

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By Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions.

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First OFSI penalty– £5k on Raphaels Bank for dealing with £200

Country regimes

Thematic regimes

Expired regimes

Sanctions regime

Sanctioning state

First OFSI penalty– £5k on Raphaels Bank for dealing with £200

Regimes / Regions

Sanctioning States