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A company that provided real estate services to a Russian who is on the EU sanctions list was fined 20,000 USD

This is the London-based company Integral Concierge Services

Sep 27, 2024 18:37 533

A company that provided real estate services to a Russian who is on the EU sanctions list was fined 20,000 USD  - 1

The Office for Financial Sanctions of the United Kingdom (OFSI) imposed fined London-based Integral Concierge Services £15,000 ($20,000) for breaching the anti-Russian sanctions regime, the UK Treasury said in a statement.

It is noted that the company provided property management services to a sanctioned person whose assets are subject to freezing in the UK. The Treasury stressed that Integral Concierge Services “made or received 26 payments” in 2022-2023, despite the fact that it “knew or had reasonable grounds to suspect that the services had breached financial sanctions”. The department added that the company does not contest the fine and has paid it in full.

British authorities did not say which person was involved. Overall, after Russia launched a special military operation in Ukraine, London expanded the list of anti-Russian sanctions by more than 1,000 items.

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