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Companies should observe 'lessons learnt' from previous sanctions for non-compliance, UK Treasury says

( October 9, 2020, 12:03 GMT | Official Statement) -- MLex Summary: Banks, companies and individuals should observe the "lessons learnt" from previous financial sanctions when ensuring compliance, the Office of Financial Sanctions Implementation, part of the UK Treasury, said today in its annual review. In March 2020, it imposed a 20.5 million pound ($25 million) penalty against Standard Chartered for making 21 loans to a Russian state-owned bank between April 2015 and January 2019.Statement follows, the report is attached....

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