Turn of phrase: OFSI revises guidance on monetary penalties

Susannah Cogman (+44 (0)20 7466 2580, susannah.cogman@hsf.com) is a partner, Elizabeth Head (+44 (0)207 7466 6443, elizabeth.head@hsf.com) a senior associate, and Sara Lee a trainee solicitor at Herbert Smith Freehills.

The UK Office of Financial Sanctions Implementation (OFSI) has tuned the wording of guidance on how it will determine monetary penalties. Susannah Cogman, Elizabeth Head and Sara Lee of Herbert Smith Freehills pick up each subtle change and examine it closely.