Human Rights and International Humanitarian Law
Commons · Question 19221 · Tabled 11 Dec 2024 · Treasury · Official record
Answered 19 Dec 2024
Question
Asked by Sir Iain Duncan Smith
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of bringing forward legislative proposals to place on a statutory footing the ability to redirect a portion of funds recovered from sanctions violations penalti
Answer
Answered by Tulip Siddiq, 19 Dec 2024
The Office of Financial Sanctions Implementation (OFSI) is responsible for issuing civil monetary penalties for breaches of financial sanctions. OFSI maintains a robust and effective toolkit for responding to breaches of financial sanctions, of which mone...