Markom Management fined £300,000 in UK over Ukraine sanctions breach

A UK-registered trust and company service provider that instructed payment, in 2018, to a designated person under The Ukraine (European Union Financial Sanctions) (No. 2) Regulations 2014, has been fined UK£300,000 (US$394,985) by the UK Office of Financial Sanctions Implementation (OFSI).

A UK-registered trust and company service provider that instructed payment, in 2018, to a designated person under The Ukraine (European Union Financial Sanctions) (No. 2) Regulations 2014, has been fined UK£300,000 (US$394,985) by the UK Office of Financial Sanctions Implementation (OFSI).