Herbert Smith Freehills fined £ 465,000 on Russian sanction violations

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Herbert Smith Freehills was fined 465,000 to violate Britain’s sanctions on Russia after the Moscow Office of the International Law Company.

The Department of Application of Financial Sanctions, part of the Treasury, said on Thursday Hsf Russian banks paid £ 3.9 million to groups, including Sovcombank and Sberbank.

Banks “appointed persons” – sanctions – then. Payments have done operations after the end of the occupation of Azerbaijan after the end of May 2022 after the end of Moscow subsidiary.

The company has decreased by 50 percent to penalize violations for voluntary disclosure.

HSF said in a statement that payments were made as a result of “human error.” The company said, “It was disappointed with the fines,” he said and cooperated with his mistake and cooperation.

This is a developing story