OFSI fines TransferGo £50,000 for Russian National Commercial Bank transactions

5 August 2021

OFSI fines TransferGo £50,000 for Russian National Commercial Bank transactionsJarretera/Shutterstock.com

HM Treasury has upheld OFSI’s decision to impose a £50,000 penalty on TransferGo Limited for breaches of Regulation 4 of The Ukraine (European Union Financial Sanctions) (No. 2) Regulations 2014. Notice and Report. TransferGo...

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions...

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