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...