Money Laundering Bulletin
UK sanctions office levies first penalty on Raphaels Bank
On 21 January [2019], the UK Office of Financial SanctionsImplementation (OFSI), part of HM Treasury, fined R. Raphael & Sons
plctrading as Raphaels Bank UK£5,000 for handling funds, value UK£200, for a partydesignated under the Egypt (Asset-Freezing)
Regulations 2011 (S.I. 2011/887).