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ARTICLE · 24 JANUARY 2017

Fines Without Trial For Breaching Sanctions - Have Your Say

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The government is ramping up the enforcement of financial sanctions legislation. Historically enforcement of financial sanctions in the UK has been limited with very few criminal prosecutions.

United KingdomGovernment, Public Sector
Alexandra Underwood
Alexandra Underwood
Tony Lewis
Tony Lewis

The government is ramping up the enforcement of financial sanctions legislation. Historically enforcement of financial sanctions in the UK has been limited with very few criminal prosecutions.  For an explanation of financial sanctions and an overview of the proposed changes click here.

The government is introducing the power to impose civil monetary penalties for breaches of financial sanctions in the Policing and Crime Bill.  The law is expected to come into force in April 2017.

The government recently published guidance on the process that the Office of Financial Sanctions Implementation (OFSI) will adopt when deciding whether to impose a penalty and the amount. Please click here for our short summary of the process. The government has launched a consultation for businesses to comment on the guidance, which closes on 26 January 2017.

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