Webb3 jan. 2024 · UK: OFSI: The New OFAC? 03 January 2024. by Chris Hill (London) , Nigel Brook (London), Mike Roderick (London) and Henrietta Wells (London) Clyde & Co. Your LinkedIn Connections. with the authors. Revisions To OFSI's Powers And Approach To Compliance And Enforcement. The Policing and Crime Bill (the Bill), currently making … Webb4 aug. 2024 · OFSI may also refer cases to the appropriate regulators and enforcement agencies who may then decide whether to pursue a prosecution or regulatory action. …
Enhancing the US-UK Sanctions Partnership
WebbOFSI initially imposed penalties of £11.9m and £19.6m for the breaches. On 7 January 2024, Standard Chartered exercised its right under the Policing and Crime Act 2024 (PCA 2024) to a review by a Minister of the Crown of both penalties. The Minister reduced the penalties to £7.7m and £12.8m, respectively, giving a total fine of £20.5m. Webb21 mars 2024 · The Office of Financial Sanctions Implementation (OFSI) helps to ensure that financial sanctions are properly understood, implemented and enforced in the … st michael\u0027s college henley beach sa
OFAC and OFSI Issue Licenses for Humanitarian Aid in Syria and …
Webb9 apr. 2024 · WASHINGTON – As part of a combined $1.1 billion settlement with federal, state, local, and United Kingdom government partners, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $639 million agreement with Standard Chartered Bank (SCB) to settle its potential civil liability for … Webb1 dec. 2024 · [1] OFAC Guidance to Address Illicit Shipping and Sanctions Evasion Practices [2] OFSI_Guidance_-_Maritime_.pdf (publishing.service.gov.uk) Key contacts Katie Jackson Partner [email protected] +44 (0)20 7303 0586 Katie is the Partner in charge of Deloitte’s UK Forensic practice. With over 23 years’ experience ... Read full … Webb21 feb. 2024 · OFAC and OFSI Issue Licenses for Humanitarian Aid in Syria and Turkey. On February 6, 2024, two massive earthquakes of 7.8 and 7.6 magnitude struck Turkey and Syria, resulting in substantial physical damage and tremendous loss of life with over 40,000 deaths as of February 14, 2024. Non-governmental organizations, the United … st michael\u0027s college listowel facebook