OFSI fines UK Financial Services Company £300,000 for breach of UK Russia sanctions

31 July 2025

OFSI fines UK Financial Services Company £300,000 for breach of UK Russia sanctionsSvet foto/Shutterstock.com

The UK Office of Financial Sanctions Implementation (OFSI) has imposed a £300,000 fine on Markom Management Limited for making a payment to a designated person on the UK’s Russia sanctions list - press release....

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Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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