The United Kingdom has fined a UAE-based subsidiary of a company for violating sanctions on the Syrian regime of Bashar Al-Assad, as London grows stricter on enforcing measures and penalties for sanction violations. The UK's Office of Financial Sanctions Implementation (OFSI) announced yesterday that it had imposed a fine of £15,000 ($18,265) on Tracerco Ltd, a company providing products and services which measure oil and gas levels. Although it operates from the United Arab Emirates, it is a subsidiary of the London-based company, Johnson Matthey PLC, a firm which deals in chemicals and sustainable technologies. According to the OFSI, Tracerco Ltd committed the sanctions violation by making two payments to the Syrian Arab Airlines – a company sanctioned by western nations […]
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![Syrian President Bashar Al-Assad in Damascus, Syria on 11 February 2016 [JOSEPH EID/AFP/Getty Images]](https://i0.wp.com/www.middleeastmonitor.com/wp-content/uploads/2021/10/Bashar-al-Assad.jpg?resize=500%2C333&quality=85&strip=all&zoom=1&ssl=1)
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