OFSI Issues Monetary Penalty for Breaches Linked to Russiaâs Invasion of Ukraine The Office of Financial Sanctions Implementation (OFSI) has today announced it has issued a monetary penalty for breaches of the Russia financial sanctions regime linked to Russiaâs illegal invasion of Ukraine in 2022. A monetary penalty of £465,000 has been imposed on Herbert Smith Freehills CIS LLP Moscow â a subsidiary of the UK registered Herbert Smith Freehills LLP â in relation to payments they made to designated persons subject to an asset freeze. For the press release click here For the penalty notice click here |
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