By Maya Lester KC & Michael O’Kane

OFSI fines Tracerco Limited £15,000 over Syria sanctions violations

On 16 June 2022, Tracerco Limited, a UAE-based subsidiary of Johnson Matthey that provides products and services to the oil and gas industry, paid a £15,000 penalty imposed by OFSI for violations of the UK’s Syria sanctions regime. Tracerco made funds available for the benefit of a designated person when it made 2 payments totalling £2,956.43 to a UAE-based travel …

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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