OFSI imposes monetary penalty on fintech company for breach of financial sanctions

On 5 August 2021, the Office of Financial Sanctions Implementation ("OFSI") announced the imposition of a monetary penalty of £50,000 on TransferGo Limited ("TransferGo") in respect of a breach of the financial sanctions imposed in respect of the situation in Ukraine. This is the fifth time OFSI has used its power to impose civil penalties for breach of financial sanctions (granted under the Policing and Crime Act 2017 (the "PCA")). Read more

UK and EU impose new sanctions in response to Belarus’ forced diversion of a Ryanair flight

On 21 June 2021 the governments of the United Kingdom, the European Union, Canada and the United States made a joint statement announcing co-ordinated new sanctions on Belarus. The new sanctions were imposed in response to the forced diversion of a Ryanair flight to Minsk, Belarus on 23 May 2021 and the subsequent arrest of opposition journalist Raman Pratasevich, and his companion Sofia Sapega, and to ongoing concerns about the Belarusian regime’s attacks on human rights and the suppression of democracy under its president Alexander Lukashenko. Read more

Corporate Crime update – May 2021

Welcome to the May 2021 edition of our corporate crime update – our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. Read more