OFSI takes enforcement action and updates guidance On 31 August 2023, OFSI published a disclosure notice with details of a breach of Regulation 12 of The Russia (Sanctions)(EU Exit) Regulation 2019. OFSI has also updated Section 10 of its Enforcement and Monetary Penalty Guidance to provide further details on how it assesses the severity of breaches. A blog has also been published from OFSI Director, Giles Thomson, providing more details about these changes. | 
