OFSI MONETARY PENALTY OF £30,000 AGAINST UK-REGISTERED COMPANY FOR BREACHES OF UKRAINE SANCTIONS

On 28 September, HM Treasury advised that OFSI had imposed a monetary penalty of £30,000 against Hong Kong International Wine and Spirits Competition Ltd (“HKIWSC”) for breaches of Ukraine sanctions.  It is noted that HKIWSC did not make a voluntary disclosure in this case, and therefore a penalty reduction discount was not applied.

https://www.gov.uk/government/collections/enforcement-of-financial-sanctions

Any modest contributions for my time and ongoing expenses are welcomed! 

At Buy me a Coffee single contributions start as low as $3, 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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