Fines: Reparations
The question
To ask the Chancellor of the Exchequer, if she will bring forward legislative proposals to allow a portion of the fines collected by (a) Office of Financial Sanctions Implementation and (b) other enforcement agencies to be directed toward reparations.
Answered by Emma Reynolds
The Office of Financial Sanctions Implementation (OFSI) is responsible for issuing civil monetary penalties for breaches of financial sanctions.
The money collected from monetary penalties is deposited into the Consolidated Fund, in line with the general principles applying to the treatment of fines or other penalties imposed by public bodies in central government.
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