OFSI fines Standard Chartered £20.47m

The UK Office of Financial Sanctions Implementation has imposed 2 penalties on Standard Chartered Bank (SCB) of £7,693,233.50 and £12,778,576.33 for breaches of Article 5(3) of EU Council Regulation 833/2014   and Regulation 3B of The Ukraine (European Union Financial Sanctions) (No.3) Regulations 2014. Total penalty £20,471,809.83 (£20.47 million). Notice here. This is highest OFSI penalty imposed so far. See UK …

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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...

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