Co-authored by London Associate Tina Kang.

The UK Office of Financial Sanctions Implementation (OFSI) announced on 27 September that it imposed a £30,000 penalty on UK company Hong Kong International Wine and Spirits Competition Ltd (HK Wine & Spirits) for breaching UK financial sanctions regulations. This is the second monetary penalty OFSI imposed this year, following a £15,000 fine against Tracerco Limited in June.

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