OFSI’s approach is summarised by our compliance and enforcement model: promote, enable, respond and change.
We promote and enable compliance through engagement and guidance.
However where there is suspected non-compliance, OFSI responds by intervening to disrupt attempted breaches and by addressing breaches effectively.
We do this to change behaviour and to promote further compliance with financial sanctions.
The table below details action OFSI has taken as part of its enforcement of financial sanctions. Updates will follow as further penalties are imposed.
You can read our monetary penalty guidance here
|21 January 2019
||Raphael & Sons plc
||Council Reg (EU) 270/2011 Egypt (S.I 2011/887)
||Dealing with funds belonging to a designated person, without a licence
Published 25 February 2019