UK Sanctions Settlement Raises Questions Over Voluntary Disclosure Incentives

Posted 6/30/26

HM Revenue & Customs’ decision to name Petrofac Facilities Management Limited in a £569,157 Russia sanctions settlement marks a shift in UK enforcement practice that could deter some companies from voluntarily disclosing sanctions and export-control breaches, Ross Denton, senior counsel at Akin Gump Strauss Hauer & Feld in London, said.

This item is available in full to subscribers.

Please log in to continue

Log in