By Maya Lester KC & Michael O’Kane

OFSI issues updated guidance on monetary penalties

HM Treasury’s Office of Financial Sanctions Implementation (OFSI) has published an updated version of its guidance, ‘Monetary penalties for breaches of financial sanctions’, which came into effect on 28 January 2022. Notice. The guidance covers the case assessment process, penalty calculation process and procedural rights. It is also available on the ‘UK Guidance’ section of this site.

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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