6th UK OFSI Sanction fine after payments to the Russian National Commercial Bank
OFSI has imposed a monetary penalty of £36,393.45 for a breach of financial sanctions regulations between March and June 2018.
A penalty notice was issued to Clear Junction Limited (“Clear Junction”) in accordance with s146 of the Policing and Crime Act 2017 for breaches under
- The Ukraine (European Union Financial Sanctions) (No. 2) Regulations 2014.
Clear Junction made funds available to a person designated under the above regime.
The penalty related to 15 transactions Clear Junction made to accounts held at the Russian National Commercial Bank ("RNCB") between 20 March 2018 and 18 June 2018. The total value of the transactions was £7,703.68.
To read the full penalty report
For all the OFSI sanctions see below
Meet the team of industry experts behind ComsureFind out more
Keep up to date with the very latest news from ComsureFind out more
View our latest imagery from our news and workFind out more
Think we can help you and your business? Chat to us todayGet In Touch
As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email firstname.lastname@example.org.