UK £10k penalty on Travelex for dealing with £204

OFSI (the UK sanctions regulator) has announced a penalty of £10,000 on Travelex (UK) Ltd for breaching the EU’s Egypt sanctions regime by for dealing with the funds (£204) of a designated person.  No discount was applied for voluntary disclosure. OFSI says this breach is linked to a penalty issued to Raphaels bank in January 2019 (see post), and is...

This content is for subscribers only

To continue reading please login or subscribe.

United KingdomUnited Kingdom

About Maya Lester QC

Maya Lester QC

Maya Lester QC is a senior barrister (Queen’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. The legal directories say she is the...

See profile for Maya Lester QC >