Webb7 feb. 2024 · On Thursday 10 November 2024, the UK Office of Financial Sanctions … WebbOFSI has issued general licences under the Russia (Sanctions) (EU Exit) Regulations …

Office of Financial Sanctions Implementation: Privacy Notice

Webb1 mars 2024 · The maximum fine for sanctions violations provided for under the PCA 2024 remains £1 million or 50 percent from the estimate value of the funds to which the breach relates, whichever can higher. In following its Guidance , OFSI determined that Rapheals Bank’s non disclosure and subsequent cooperation warranted a 50% reduction from the … Webb3 apr. 2024 · The decision in PJSC National Bank Trust v Mints [1] provides importance guidance for commercial parties on the effect of sanctions on litigation, where at least one of the parties has been sanctioned (“designated”) under the UK sanctions regime. The court confirmed that entering judgment for a sanctioned party isn’t unlawful and doesn ... middletown md high school athletics

Snapshot: economic and financial sanctions in United Kingdom

WebbHelp to review and update documentation relating to OFSI’s data mapping, including documentation such as Data Protection Impact Assessments (DPIAs), Privacy Information Notices (PINs),... WebbImportant update from my colleagues Stacy and Thorne on guidance published by OFSI on enforcement of sanctions breaches. For companies who have fallen victim… Laura Gillespie en LinkedIn: UK likely only to pursue financial sanctions civil fines where due… Webb18 nov. 2024 · Further co-operation between OFSI and OFAC. There have recently been further signs of deepening co-operation between the UK and the U.S. sanctions authorities. OFSI and the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued a joint announcement on 17 October 2024 committing to their close … middletown md high school sports