Who was sanctioned, and for what?

On 29 August 2024 OFSI imposed a monetary penalty of GBP 15,000 on a UK concierge and property services company. According to OFSI's findings, the small property management company made or received 26 payments totalling GBP 15,487.30 in 2022 and 2023 in connection with a property owned by a designated person, thereby dealing with frozen funds or making funds available for that person's benefit. Other payments were covered by a general licence, but the company failed to make the reports the licence required; OFSI treated this as a further breach and as an aggravating factor but did not impose a separate penalty for it. The company had not disclosed the breaches voluntarily. It made no representations and did not request a ministerial review. Contains public sector information licensed under the Open Government Licence v3.0 (https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/).

Authority / court

HM Treasury, Office of Financial Sanctions Implementation (OFSI)

Area of law

Sanctions and export control · Breaches of sanctions and embargoes

Legal basis

regulations 11(1) and 13(1) of the Russia (Sanctions) (EU Exit) Regulations 2019; Geldbuße nach section 146 Policing and Crime Act 2017

Action

Fine

Status of proceedings

final

Sector

Construction and real estate

Published

26 Sep 2024

Original amount 15,000 GBP, converted at the ECB reference rate of 29 Aug 2024.

Checked against the official source on 28 Sep 2026 · Version 4 · Company name anonymised since 29 Aug 2026 · Direct link