UK OFSI issues updated guidance on monetary penalties

The UK’s Office of Financial Sanctions Implementation (OFSI) has published an updated version of its guidance on the issue of monetary penalties for breaches of financial sanctions, which covers (amongst other things) the case assessment process, penalty calculation process and procedural rights. The guidance comes into effect on 1 April 2021. Any breaches reported to OFSI after this date will …

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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