Skip to Primary Navigation

Skip to main content

Herbert Smith Freehills hit with £465k fine for breaching Russian sanctions

A view of the tower of the Kremlin and skyscrapers May 21, 2024 in Moscow, Russia.
Photo: Getty Images

Jean Hurley

1 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

This case is one of the first in a pipeline of OFSI enforcement actions related to the Russian invasion.

In a significant move highlighting the UK’s rigorous enforcement sanctions against Russia, the UK’s Office of Financial Sanctions Implementation (OFSI) has imposed a £465k ($600k) fine on Herbert Smith Freehills (HSF) for breaches committed by its former Moscow subsidiary.

The penalty, announced last week, stems from payments totaling £3.9m ($5m)

, , , , , ,

Get full access, free for a month

This is a Premium article. Start your 28-day free trial to continue reading and access all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience