OFSI issues updated guidance on sanctions enforcement & monetary penalties

OFSI today issued Guidance on enforcement and monetary penalties for breaches of financial sanctions to reflect changes introduced by the Economic Crime (Transparency and Enforcement) Act 2022. The new measures and Guidance will come into force on 15 June 2022. OFSI Director Giles Thomson has also published an accompanying blog. The key points are: OFSI will impose civil monetary penalties …

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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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