UK Chancellor announces doubling of maximum OFSI fine for sanctions breaches

3 September 2026

UK Chancellor announces doubling of maximum OFSI fine for sanctions breachesSvet foto/Shutterstock.com

The UK Chancellor of the Exchequer, John Healey, has announced that the maximum monetary penalty available to the Office of Financial Sanctions Implementation (OFSI) will double, from 50% to 100% of the value of...

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Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. She is the…

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