M
Member
Speaking in the House of Lords on 15 October 2024
Debate
Russia (Sanctions) (EU Exit) (Amendment) (No. 3) Regulations 2024Contribution
I will not go into too much detail on how many penalties we have issued, but I can give an example. On 27 September, the OFSI issued a monetary penalty to Integral Concierge Services Ltd—ICSL—for breaches of the financial sanctions regime imposed on Russia in response to the invasion. A penalty of £15,000 was imposed on that company. There are other examples; I will not go into them at this stage, but they will be available.
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