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”.