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The UK government has imposed a fine of £465,000 on the law firm Herbert Smith Freehills CIS LLP for breaching financial sanctions against Russia. The firm reportedly made payments to a Russian state-owned bank, which is a violation of the sanctions in place. Although Herbert Smith Freehills voluntarily reported these breaches to the Office of Financial Sanctions Implementation (OFSI), the UK Treasury emphasized the need for strict adherence to sanctions. This penalty highlights the ongoing scrutiny of compliance with financial regulations related to Russia amid geopolitical tensions.
UK's CMA fines Sky, BT, IMG, ITV, and the BBC a combined £4M+ after they admitted "to breaking the law" by "colluding" on pay rates for freelancers (Reuters) https://t.co/5Sz6ITtrgG https://t.co/ZArOaNEV5v
The UK’s Competition and Markets Authority (CMA) has dropped a major antitrust investigation into some of the country’s biggest drama producers over how they paid freelance crew members https://t.co/jSunaUfwrI
Major UK Drama Antitrust Probe Dropped; BBC & Others Fined $5.4M For Colluding Over Crew Pay In Sports Production https://t.co/jSunaUg4hg