Legal News

OFSI imposes financial penalty for breaching Ukraine Regulations

Published on: 27 September 2022
Published by LNB News

LNB News 27/09/2022

Document Information

Issue Date: 27 September 2022

Published Date: 27 September 2022

Jurisdiction(s): England, Northern Ireland, Scotland, Wales and Ukraine

Article summary

The Office of Financial Sanctions (OFSI) has imposed a monetary penalty of £30,000 against the UK registered company, Hong Kong International Wine and Spirits Competition Ltd (HKIWSC). The penalty is for breaches of Ukraine (European Union Financial Sanctions) (No 2) Regulations 2014, SI 2014/693, and Council Regulation (EU) No 269/2014 (the Ukraine Misappropriation and Human Rights Regulation).

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