Firms At Risk Of Monetary Penalty For Breaches Of UK Financial Sanctions Imposed On Russia. Legal News and Analysis - Russia, ...

On 21 March 2025, the Office of Financial Sanctions Implementation (OFSI) published its annual review for 2023-2024 period. The report highlights ...

The firm voluntarily reported the breaches to the OFSI, although the UK's Treasury body said it must remain "steadfast" in ...

New figures released today (21 March) show the impact of UK sanctions on Russia. New data released today (21 March) reveals the full effect of UK ...

The amount of frozen Russian assets in the U.K. has increased by 10 percent in a year. The U.K. government today confirmed it ...

On 14 March 2025, the Office of Financial Sanctions Implementation (OFSI) issued a “Disclosure” against UK-registered and ...

This penalty ranks among the largest ever imposed by OFSI. The Treasury-affiliated watchdog had faced frequent criticism from politicians and civil society for not issuing any fines following Russia’s ...

The UK government has frozen more than £25bn of Russian assets since the Kremlin’s full-scale invasion of Ukraine in February ...

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The UK Office of Financial Sanctions Implementation (OFSI) has imposed a penalty of £465,000 on the Moscow subsidiary of Herbert Smith Freehills ...