Update to OFSI Enforcement Guidance
OFSI has today updated its Enforcement and Monetary Penalty guidance to include details on our approach to assessing breaches of financial sanctions where an incorrect assessment of ownership and control of an entity is relevant to the commission of the breach.
This updated guidance sets out examples and a principles-based approach for conducting due diligence and making assessments.
OFSI Notice
Link:
Categories: Enforcement Actions Enforcement Guidelines OFSI Updates
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