By Maya Lester KC & Michael O’Kane

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…...

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About Maya Lester KC

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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...

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