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
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