Financial sanctions enforcement: decisions and monetary penalties imposed
Source: gov.uk (2025-09-30)

Actions taken by the Office of Financial Sanctions Implementation (OFSI) to enforce financial sanctions.

OFSI is responsible for monitoring compliance with financial sanctions and for assessing suspected breaches. It also has the power to impose monetary penalties for breaches of financial sanctions and to refer cases to law enforcement agencies for investigation and potential prosecution.

Breaches of financial sanctions are a serious criminal offence.

OFSI’s assessment of breaches is informed by our approach to financial sanctions enforcement: promote, enable, respond, change.

For more information on OFSI’s enforcement approach please read the Enforcement and Monetary Penalties Guidance (https://www.gov.uk/guidance/uk-financial-sanctions-guidance#general-guidance)

Enforcement Actions

Details of actions OFSI has taken as part of its enforcement of financial sanctions can be found below.

Colorcon Limited (#Colorcon)

Vanquis Bank Limited (VBL) (#VBL)

Markom Management Limited (MML) (#MML)

Svarog Shipping & Trading Company Limited (#Svarog)

Herbert Smith Freehills CIS LLPP (HSF Moscow) (#HSF)

Charities (#charities)

Integral Concierge Services Limited (#integralconciergeserviceslimited)

Wise Payments Limited (#wise)

Hong Kong Wines and Spirits Competition Limited (#standardcharteredbank)

Tracerco Limited (#tracero)

Clear Junction Limited (#clearjunction)

TransferGo Limited (#transfergo)

Standard Chartered Bank (#standardcharteredbank)

Telia Carrier UK Limited (#teliacarrier)

Travelex UK Limited (#travelex)

Raphael & Sons Plc (#raphael)

Colorcon Limited (https://assets.publishing.service.gov.uk/media/68db9df2ef1c2f72bc1e4bf0/Colorcon_Penalty_Notice.pdf)

Vanquis Bank Limited (VBL) (https://assets.publishing.service.gov.uk/media/68beb534de0987fe84e0dd0f/VBL_Disclosure_Notice_08SEPT2025.pdf)

Markom Management Limited (MML) (https://assets.publishing.service.gov.uk/media/688b838b64845fffe8089077/Penalty_Publication_Notice.pdf)

Svarog Shipping & Trading Company Limited (https://assets.publishing.service.gov.uk/media/681c69ff3f1c73824ee3e56e/Publication_Notice_-_Svarog.pdf)

Herbert Smith Freehills CIS LLPP (HSF Moscow) (https://assets.publishing.service.gov.uk/media/67dae19a1a60f79643028472/200325_HSF_PENALTY_NOTICE.pdf)

Charities (https://assets.publishing.service.gov.uk/media/67d3ebee1078db33c5dab274/Disclosure_Notice_Report__14.03.25_Publication_.pdf)

Integral Concierge Services Limited (https://assets.publishing.service.gov.uk/media/66f3e3823b919067bb482697/Report_of_Penalty_for_Breach_of_Financial_Sanctions_-_ICSL.pdf)

Wise Payments Limited (https://www.gov.uk/government/publications/disclosure-notice-31-august-2023)

Hong Kong Wines and Spirits Competition Limited (https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1106745/Notice_of_Imposition_of_MP_-_HKIWSC.pdf)

Tracerco Limited (https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1086645/29.06.22_Tracerco_monetary_penaly_notice.pdf)

ClearJunction Limited (https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1056043/Clear_Junction_Penalty_Report_21.02.22.pdf)

TransferGo Limited (https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1008859/050821_-_TransferGo_Penalty_Report.pdf)

Standard Chartered Bank (https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/876971/200331_-_SCB_Penalty_Report.pdf)

Telia Carrier UK Limited (https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/842548/Telia_monetary_penalty.pdf)

Travelex UK Limited (https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/804021/Travelex_monetary_penalty.pdf)

Raphael & Sons Limited (https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/804117/190502_Raphaels_revised_notice.pdf)