13 | White collar crime and compliance

Ignorance of sanctions obligations not an excuse: OFSI issues first monetary penalty for breach of financial sanctions imposed on Russia following its invasion of Ukraine
On 29 August 2024, the UK Office of Financial Sanctions Implementation (OFSI) issued its first monetary penalty for breach of the financial sanctions imposed on Russia following its invasion of Ukraine, as set out under the Russia (Sanctions) (EU Exit) Regulations 2019 (the Regulations).
Recent developments
