OFSI consultation on new civil penalties for sanctions breaches

hm-treasury-building-1The Office of Financial Sanctions Implementation (OFSI) (part of HM Treasury in the UK) is consulting on its draft guidance on monetary penalties for breaches of financial sanctions.  This is in the context of new civil powers in the Policing and Crime Act 2017.  The guidance sets out how OFSI will assess whether to impose monetary penalties and how those penalties will be calculated, the appeals process etc..

The consultation document invites views before 27 January 2017 on questions set out in its consultation document (link here).  The response form is here.

This entry was posted in United Kingdom by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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