OFSI issues first monetary penalty for breach of sanctions imposed on Russia in response to its invasion of Ukraine

Ryan Junck, Jonathan Benson, Jason Williamson, Karolina Kopczynska-Grobelny, Jack Zaher– Skadden, Arps, Slate, Meagher & Flom LLP On 27 September 2024, the UK’s financial sanctions regulator, the Office of Financial Sanctions Implementation (‘OFSI’), announced that it had issued its first monetary penalty for a breach…