Latest / Trade Compliance Brief - Export Control and Sanctions Insights
UK OFSI's Historic £1M Sanctions Fine: Analyzing the SGTL Circumvention Case & New Enforcement Framework
In this episode of the Trade Compliance Brief, we break down the historic enforcement action taken by the UK Office of Financial Sanctions Implementation (OFSI) against UK travel technology provider Sabre Global Technologies Limited (SGTL). Resulting in a record-setting civil monetary penalty of £1,000,920.59, this case marks a major turning point in UK sanctions enforcement strategy.
We dive deep into the legal complexities of the case, exploring how SGTL continued to provide Global Distribution System (GDS) access to Russia’s Ural Airlines for seven months following its May 2022…
The skinny
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