By Maya Lester KC & Michael O’Kane

OFSI 1st use of disclosure enforcement power

OFSI has used its powers to disclose a sanctions breach rather than impose a monetary penalty. See report on breach of UK Russia sanctions by Wise Payments Limited. OFSI can use its disclosure powers when it does not consider a breach sufficiently serious for a monetary penalty. In June 2022, a cash withdrawal of £250 was made from a business …

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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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