{"id":210,"date":"2019-01-21T17:06:53","date_gmt":"2019-01-21T21:06:53","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=210"},"modified":"2024-03-15T09:13:01","modified_gmt":"2024-03-15T13:13:01","slug":"uk-ofsi-imposes-its-first-ever-financial-penalty","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2019\/01\/21\/uk-ofsi-imposes-its-first-ever-financial-penalty\/","title":{"rendered":"UK &#8211; OFSI imposes its first ever financial penalty"},"content":{"rendered":"<p>The UK&#8217;s Official of Financial Sanctions Implementation has today imposed its <a href=\"https:\/\/assets.publishing.service.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/804117\/190502_Raphaels_revised_notice.pdf\">first financial penalty<\/a>.<\/p>\n<p>The penalty relates to a single transaction of \u00a3200 relating to funds of a designated person under the Egyptian sanctions.<\/p>\n<p>The bank, Raphaels Bank, self reported to OFSI.<\/p>\n<p>The initial fine was \u00a310,000 reduced to \u00a35,000 in acknowledgment of the self-reporting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK&#8217;s Official of Financial Sanctions Implementation has today imposed its first financial penalty. The penalty relates to a single transaction of \u00a3200 relating to funds of a designated person under the Egyptian sanctions. The bank, Raphaels Bank, self reported to OFSI. The initial fine was \u00a310,000 reduced to \u00a35,000 in acknowledgment of the self-reporting.<\/p>\n","protected":false},"author":656,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74,71],"tags":[49,20,12,9],"ppma_author":[7],"class_list":["post-210","post","type-post","status-publish","format-standard","hentry","category-74","category-financial-services","tag-egypt","tag-financial-sanctions","tag-fine","tag-united-kingdom"],"authors":[{"term_id":7,"user_id":656,"is_guest":0,"slug":"mhandley","display_name":"Mark Handley","avatar_url":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-content\/uploads\/sites\/65\/2023\/09\/handleymark-100x100.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/users\/656"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/comments?post=210"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/210\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=210"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}