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UNCOVERED: Ofsi | History Defined

Deutsche Bank’s London branch fined £165,000 for breaching Russia sanctions

The global financial firm processed two payments linked to a sanctioned Russian entity in June and July 2022.

Evening Standard

Revealed: UK oil refinery owner moved Russian loans to offshore subsidiary where sanctions did not apply

MPs call for investigation into Essar Energy, owner of Stanlow refinery, which shifted loans from ‘Putin’s piggy bank’ VTB to Mauritius

The Guardian - UK

Apple subsidiary fined by UK government over Moscow sanctions breach

Apple Distribution International, based in Ireland, made payments worth £690,000 to a Russian streaming service

The Guardian - UK

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Bank of Scotland fined £160,000 over account for sanctioned Putin ally

Dmitrii Ovsiannikov, who had held senior roles in Russian government, used a variant spelling of his name to access UK banking system

The Guardian - UK

UK elite law firm fined over €500,000 for Russian sanctions breaches

The firm voluntarily reported the breaches to the OFSI, although the UK's Treasury body said it must remain "steadfast" in its commitment to sanctions.

Euronews

Elite London law firm fined £465,000 for Russian sanctions breaches

Former Moscow office of Herbert Smith Freehills made six payments totalling £3.9m to sanctioned banks

The Guardian - UK

City law firm Herbert Smith Freehills fined over Russia sanctions breaches

The Office of Financial Sanctions Implementation fined the company £465,000 over payments to Russian banks.

The Independent UK

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'Terrible record': UK fails to fine firms probed for breaching Russian oil sanctions

THE Treasury has investigated more than 50 UK-linked companies for breaching Russian oil sanctions, but is yet to hand out a single fine.

The National (Scotland)

‘Designed to distress and deter’: the impact of Slapp lawsuits on journalists and free speech

Individuals and campaigners tell of damage done by powerful people using the courts to try to shut down investigative reporting

The Guardian - UK

Sanctioned Russian billionaire Mikhail Fridman loses High Court battle over upkeep of mansion

Mikhail Fridman had financial assets frozen by the UK government after Russia invaded Ukraine

The Independent UK

Sanctioned billionaire loses High Court challenge over upkeep of London mansion

Mikhail Fridman had financial assets frozen by the UK Government after the start of Russia’s invasion of Ukraine

Evening Standard

London fintech Wise accused of ‘inappropriate’ controls over Russia financial sanctions

A £250 rule-break, while small, was considered a “moderately severe” breach, according to the sanctions watchdog

Evening Standard

Oligarchs fret about their assets as UK fights to keep tabs on their spending

A small part of the Treasury is charged with regulating the spending of sanctioned individuals – but faces a mountain of paperwork and criticism that it is being too lenient

The Guardian - UK

Treasury’s sanctions police ‘reviewing’ finances of Everton FC owner, Guardian understands

Farhad Moshiri reportedly a ‘person of interest’ at special unit over links to sanctioned oligarch Alisher Usman

The Guardian - UK

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The Guardian - UK

UK to clamp down on sanctions loopholes used by Wagner group head

Loophole meant mercenary group founder Yevgeny Prigozhin could sue journalist

The Guardian - UK

UK allowed sanctioned Abramovich associate to sell £16m mansion

Former Chelsea FC director Eugene Tenenbaum says proceeds from sale were frozen in line with government sanctions regime

The Guardian - UK

Labour asks why Treasury unit let oligarch under sanctions bring libel case

Key Putin ally who founded Wagner mercenaries attempted to ‘subvert sanctions and silence journalist’

The Guardian - UK

National Crime Agency calls for more funding to tackle Russian kleptocracy

UK’s organised crime-fighting force complains it only has a third of the money per officer received by the FBI

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The Guardian - UK

UK office in charge of Russia sanctions has just 70 staff, says director

Office is overseeing surge of Russia-related sanctions to more than 1,400 after invasion of Ukraine

The Guardian - UK

Alisher Usmanov’s assets may be out of reach of sanctions regime

Ex-Arsenal shareholder claims millions of pounds of his assets are in irrevocable trust

The Guardian - UK

Frozen out: how the UK’s sanctions against Russia will work

Private jets will become much less attractive benefits – but there is also bad news for companies and private schools

The Guardian - UK

UK accused of being ‘toothless’ in sanctions enforcement

With just six fines issued since 2016, critics say British sanctions are no real deterrent to Russia

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