Webb9 rader · The table below details action OFSI has taken as part of its enforcement of … Webb6 apr. 2024 · On March 31, 2024, the Office of Financial Sanctions Implementation (OFSI) announced the imposition of a £20.47 million fine against Standard Chartered Bank (SCB) for breaches of European Union sanctions against Russia.

OFSI’s first multi-million pound sanctions fine - a trend towards ...

Webb6 apr. 2024 · To date there have only been a handful of relatively low fines imposed by OFSI; but earlier this week, the authority announced its largest fine to date totalling £20.4 million imposed on Standard Chartered Bank (“SCB”) for breaching restrictions applicable to the Ukrainian sanctions regime. Webb4 maj 2024 · The fine was reduced by 30% due to Standard Chartered's voluntary disclosure of the matter and their cooperation with the OFSI in the course of its investigation, and further reduced following ministerial review, as the minister felt that more weight ought to be ascribed to these mitigating factors. gilbert microscope and lab set

UK: Standard Chartered fined £20.47mn over Russian s...

Webb16 mars 2024 · Date: 16/03/2024. Share. The UK’s Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, has upheld two monetary penalties on Standard Chartered Bank for breaching EU financial sanctions. Although following the review, OFSI has reduced the fines from £31.5million to £20.5 million, these penalties … Webb9 apr. 2024 · The UK's Office of Financial Sanctions Implementation (OFSI) has issued Standard Chartered Bank with its largest fine to date for breaches of EU financial … Webb2 apr. 2024 · OFSI notified Standard Chartered on 6 December 2024 of its decision to impose a penalty of £19.6 million in relation to the second investigation, thereby imposing a total penalty of £31.5 million. gilbert middle school archery