#ofsi — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #ofsi, aggregated by home.social.
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https://www.europesays.com/uk/757776/ OFSI Fines the Bank of Scotland for Sanctions Breach: Key Compliance Lessons | HUB #BankOfScotland #Britain #compliance #England #GreatBritain #HalifaxBank #lbg #LloydsBankingGroup #NorthernIreland #OfficeOfFinancialSanctionsImplementation #OFSI #penalty #RiskAssessment #Russia #Sanctions #SanctionsEnforcement #Scotland #screening #UK #Ukraine #UnitedKingdom #Wales
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How to Block North Korean IT Worker Scams in Remote Hiring https://www.byteseu.com/1502133/ #Conflicts #EmployeeVetting #FakeLinkedInProfiles #IPAddressTracking #JonathanArmstrong #NorthKorea #NorthKoreanITScam #OFSI #RemoteHiringFraud #ReverseImageSearch #SanctionsCompliance #VPNMisuse
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An unprecedented war in the West should have been an opportunity for Britain’s sanctions watchdog to step up.
But when it emerged last month that the regulator had dished out zero fines to Russians circumventing their sanctions since the illegal invasion of #Ukraine in February 2022, few were surprised.
Critics fear the Office of Financial Sanctions Implementation (#OFSI) has become representative of the #UK’s approach to punishing #Russia for its war: in name only.
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'UK sanctions watchdog flops in face of Russia’s war
Since Russia invaded Ukraine in 2022, OFSI has issued zero fines for sanctions evasion, despite £22.7 billion of frozen Russian assets.''A sanctions lawyer, granted anonymity to speak freely, said they believe the U.K. government “passed new legislation as an excuse to not enforce the legislation we already have.”'
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https://www.tortoisemedia.com/2023/08/09/new-uk-sanctions-are-overdue-and-undermined/
Britain's sanctions in general on pro-Kremlin warmongers (and emigré #oligarchs) are inconsistently enforced at best and undermined by much of the work of the body that administers them – a secretive Treasury unit called the Office for Financial Sanctions Implementation (#OFSI)
#Tortoisemedia #MagnitskyActs #Russia #Londongrad #sanctions #UKpol