Fines: Reparations
Commons · Question 33672 · Tabled 25 Feb 2025 · Treasury · Official record
Answered 4 Mar 2025
Question
Asked by Martin Wrigley
To ask the Chancellor of the Exchequer, if she will bring forward legislative proposals to allow a portion of the fines collected by (a) Office of Financial Sanctions Implementation and (b) other enforcement agencies to be directed toward reparations.
Answer
Answered by Emma Reynolds, 4 Mar 2025
The Office of Financial Sanctions Implementation (OFSI) is responsible for issuing civil monetary penalties for breaches of financial sanctions.The money collected from monetary penalties is deposited into the Consolidated Fund, in line with the general p...