29 Dec 2016
Published in News

Regulatory update: HM Treasury’s consultation on imposing monetary penalties for breaches of financial sanctions

On the 1st December 2016, the Office of Financial Sanctions Implementation (OFSI) launched its latest consultation on the imposition of monetary penalties for breaches of financial sanctions rules. OFSI (part of HM Treasury) is seeking views on its consultation paper, which sets out its proposed approach to financial sanction breaches.