It was reported today that the Paris Court has dropped charges against Nexa Technologies, and four of its management, in relation to the sales of surveillance equipment to Egypt.
We had earlier reported on the commencement of the investigation.
UK – OFSI imposes further financial penalty
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.
UK – OFSI imposes its first ever financial penalty
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.
Paris court opens investigation into technology sales to Egypt
An investigation has been initiated by the Paris High Court in relation to sales of intelligence and surveillance equipment to Egypt by Nexa Technologies.
The investigation follows charges brought filed by two French activist groups – the Foundation Internationale des Ligues Droits de L’homme and the Ligue Droits de L’Homme – with the Crimes Against Humanity division of the High Court.