Spirits Competition Ltd News Today

In 2022, the US, UK and EU all escalated their sanctions enforcement rhetoric. For example, senior US enforcement officials went so far as to…

The following alert provides an update on recent sanctions developments including: 1. A £30,000 fine imposed for breaches of UK sanctions; 2. The expansion of the prohibition on...

Recent sanctions developments: £30,000 fine for breaches of UK sanctions; expanded prohibition on professional services for persons connected with Russia; Office of Foreign Assets Control OFAC and UK Office of Financial Sanctions Implementation OFSI collaboration.

A series of important and extensive changes have been made to the UK, EU and other sanctions regimes in respect of Russia. For more information…

A UK company that organises wine and spirits competitions has been fined by the UK Office of Financial Sanctions Implementation (OFSI) for breaching UK financial sanctions.

Since Russia's invasion of Ukraine there have been a number of pushes to restrict the provision of services to Russia generally. In May 2022, the UK…

On September 27, 2022, HM Treasury’s Office of Financial Sanctions Implementation (“OFSI”) announced that a monetary penalty of £30,000 was imposed…

United Kingdom's Office of Financial Sanctions Implementation, OFSI announced a £30,000 penalty on UK company Hong Kong International Wine and Spirits Competition Ltd for breaching UK financial sanctions regulations for paid publicity of the sanctioned wine brand.