UK IMPOSES REDUCED FINANCIAL PENALTY FOR SANCTIONS VIOLATION

On 28th October, HM Treasury issued a Notice saying that, following a review, OFSI had imposed a penalty of £146,341 on Telia Carrier Ltd for breaches of the Syria sanctions regulations, this being in replacement for a penalty of £300,000 imposed in July.  Telia was found to have facilitated international telephone calls to SyriaTel.  It had exercised the option of asking for a ministerial review, the result of which was a reduced penalty.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/842548/Telia_monetary_penalty.pdf

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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