Written questions, answers and statements

Office of Financial Sanctions Implementation

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Question for Treasury

UIN 142649, tabled on 8 February 2023

Question

Pat McFadden
Labour
Wolverhampton South East
Commons

To ask the Chancellor of the Exchequer, how many financial penalties have been issued by the Office of Financial Sanctions Implementation for breaches of sanctions under the Russia (Sanctions) (EU Exit) (Amendment) Regulations 2022; and what is the total value of those penalties.

Answer

James Cartlidge
Conservative
South Suffolk
Commons

Answered on

20 February 2023

HM Treasury, through the Office of Financial Sanctions Implementation (OFSI), is the UK’s competent authority responsible for the implementation of financial sanctions. It is therefore the body responsible for civil enforcement of financial sanctions breaches.

The details of civil monetary penalties issued by OFSI are published on GOV.UK here [https://www.gov.uk/government/collections/enforcement-of-financial-sanctions].

Answered by

Treasury
Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.