OFSI imposed £20.4 million penalties on Standard Chartered Bank
Related News
- SARs Annual Statistical Report 2023
- ABFA Commodities Trading Ltd v Petraco Oil Company SA (Re Consequential Matters) [2024] EWHC 706 (Comm) (27 March 2024)
- FATF Updated Guidance on Beneficial Ownership and Transparency of Legal Arrangements
- HM Treasury consultation on improving the effectiveness of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
- Law Society guidance: The UK sanctions regime
- SRA Sectoral Risk Assessment (Updated 5 March 2024)
OFSI imposed £20.4 million penalties on Standard Chartered Bank
The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, has imposed two monetary penalties totalling £20.4 million on Standard Chartered Bank for breaching financial sanctions by making loans to what was considered to be a subsidiary of a Russian bank in breach of The Ukraine (European Union Financial Sanctions) (No.3) Regulations 2014. See here.
‹ Back to News
