OFSI has today imposed a £10,000 penalty on Travelex Limited in relation to a £204 transaction involving the funds of a designated person.
This penalty is factually related to the same transaction as was the subject of OFSI’s first penalty.
While the fine itself is very small, that OFSI has imposed a fine in relation to such a small transaction is perhaps itself of significance.
The German arms manufacturer Heckler & Koch has today been fined €3.7 million for illegal arms exports to Mexico.
The conviction relates to the export of over 4,000 assault rifles and other weapons and ammunition. The fine included confiscation of the gross profits from the sales.
Two Heckler & Koch employees were also convicted and given suspended prison sentences of 17 and 22 months respectively.
The Dutch District Court in Limburg has convicted two companies and three individuals of unlicensed exports of gas turbine machinery to Iran.
The companies were Euroturbine BV, and its Bahraini subsidiary, and they were fined €500,000 and €350,000 respectively.
The exports were routed via indirect channels to and mask the destination.
The individuals were respectively sentenced to 12 months in jail, of which 11 months were suspended and 240 hours of community service; 8 months in jail, of which 7 months were suspended and a community service of 200 hours. The third individual , a company employee, was sentenced to 180 hours of community service.
A fourth individual had earlier pled guilty and been sentenced to 120 hours of community service.
It was reported today that the Penal Court of Antwerp has convicted three Belgian companies and associated individuals of breaching the EU’s Syrian sanctions by exporting 168 tons of isopropranol which is a dual-use product.
AAE Chemie Trading was conditionally fined €346,443 with €50,000 effective. Anex Customs was fined €500,000 of which €100,000 is effective and Danmar Logistics were fined between €75,000 of which €50,000 is effective
Rolf Rippen, the manager of AAE Chemie Trading was sentenced to four months in jail suspended, while Herman Van Landeghem, a manager of Anex Customs and Danmar Logistics, received a 12-month custodial sentence.
It has been announced today that the UK’s HM Revenue & Customs has issued compound penalties ranging between £1,000 and £4,000 to 3 separate UK Exporters.
These related to unlicensed exports of dual use goods and export breaches controlled by The Export Control Order 2008.
The UK’s Official of Financial Sanctions Implementation has today imposed its first financial penalty.
The penalty relates to a single transaction of £200 relating to funds of a designated person under the Egyptian sanctions.
The bank, Raphaels Bank, self reported to OFSI.
The initial fine was £10,000 reduced to £5,000 in acknowledgment of the self-reporting.
Three money transfers totalling €445 completed in breach of the EU’s sanctions against ISIS has resulted in a conviction of an individual.
He was sentenced to four months, suspended for 2 years, and 180 hours of community service.
The ACPR in France has today announced the imposition of a fine of €50m against Banque Postale.
This is the largest fine imposed in France to date.
The fine was imposed for sanctions compliance failings and in particular the ability of designated persons to transfer funds through Banque Postale, even when not a customer, by “money order”.
Banque Postale has indicated an intention to appeal the fine.
The German Federal Prosecutor’s Office has issued a press release regarding the arrest of an individual (Vladimir D.) on suspicion of exporting dual-use goods to Russia in breach of EU sanctions.
The goods are valued at €1.7 million and were said to have been exported in two consignments in 2014 and 2018.
As stated in the press release: “In order to circumvent the export controls, the accused is said to have carried out his transactions via changing fictitious recipients, presented false documents and carried out technical manipulations on the goods”.
