The UK’s HMRC has today announced that it has fined a UK exporter £82,152.33 for the unlicensed exports of military goods.
The identity of the exporter, and of the destination for the goods, were not published.
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 – HMRC compound penalties for three companies for export control breaches
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.
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.
UK – company pleads guilty and is fined £7,039
It has been reported today that the British company, VWR International Limited, has pleaded guilty to four counts of exporting dual-use chemicals and metals to Pakistan, Jordan and South Africa.
The exports were undertaken either without a licence or despite being denied an export licence.
The company was fined £7,039.
UK – three convicted of exporting military goods to Iran
Following a trial at Southwark Crown Court three individuals have been convicted of exporting parts for military aircraft to Iran in breach of sanctions.
Alexander George was given a custodial sentence of 2 and a half years, while Paul Attwater and Iris Attwater were sentenced to suspended sixth months in prison.
The shipments were sent in the name of a BVI company, via, Netherlands, Malaysia and Dubai, but were destined for Iran.
United Kingdom – regulated bank fined £896,100 for sanctions failings
The UK’s Financial Conduct Authority has today issued a Final Notice against Canara Bank.
The bank was fined £896,100 and prevented from accepting deposits from new customers for 147 days.
The fine relates to inadequacies in the bank’s KYC compliance including sanctions screening. The bank cooperated with the FCA and qualified for a 30% discount on the fine.
UK – company pleads guilty to exporting dual-use goods
The UK’s HMRC has prosecuted Carbosynth Limited to the unlicenced export of various chemicals on the dual-use and military lists to Japan, India, South Korea, Israel, the USA, Germany and Canada.
The company was fined £4,269.96.
UK – HMRC fines company £109,312.50
It was announced today by HMRC that it had fined an unnamed UK exporter £109,312.50 for the unlicensed exports of military goods.
No further information was published.
UK – OFSI Annual report: enforcement statistics
OFSI has published its Annual Report for 2017-2018. In it OFSI states that they received 122 reports of suspected breaches of financial sanctions with a reported value of £1.35 billion.
OFSI has also stated that it expects to levy its first fines during 2018-2019 and that the “majority of cases… will be resolved by enforcement activity short of a penalty”.