New penalties for serious financial sanctions breaches come into force from 3 April 2017. The measures in the Policing and Crime Act 2017 (PCA 2017) empower the Office of Financial Sanctions Implementation (OFSI) to use new powers to impose penalties of up to £1 million or 50% of the breach, whichever is higher, for serious […]

A – FINANCIAL SANCTIONS REGIME CHANGES – What will they mean in practice? the UK government is taking sanctions breaches seriously and has enhanced its toolkit to take action where necessary. Police and Crime Bill receives Royal Assent, LNB News 01/02/2017 96 has received Royal Assent. B – WHAT ARE THE MOST SIGNIFICANT CHANGES BROUGHT […]