OFSI fines Markom Management Ltd £300K for breaching Russia-related sanctions by authorising a prohibited £416,590 payment to a designated person under asset freeze restrictions

The breach, linked to inadequate compliance controls, highlights OFSI’s stricter enforcement stance—even on mid-sized firms and single transactions—amid growing regulatory pressure to uphold the UK’s Russia sanctions regime. This case reinforces the message that businesses of all sizes must strengthen sanctions governance, implement robust internal checks, and act cautiously…