Fines: Reparations

(asked on 25th February 2025) - View Source

Question to the HM Treasury:

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 Portrait
Emma Reynolds
Economic Secretary (HM Treasury)
This question was answered on 4th March 2025

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.

Reticulating Splines