A litigator's quiz: Second candle of Advent
Festive fraud seems a contradiction in terms. But Advent is traditionally a time to reflect on sin, so this week our quiz focuses on the year in crime and civil fraud under English law. Good luck trying to light the second Advent candle!
1. In 2019, what was the ratio of fines levied by the UK Office for Financial Sanctions Implementation (OFSI) to the fines levied by the US Office of Foreign Assets Control (OFAC) for breaches of economic sanctions?
(a) 1 : 6176
Correct!
In 2019 (up to time of writing on 2 December), OFSI has levied £161,341 and OFAC has levied US$1,288,790,312 in fines. At the exchange rates on 2 December, that amounts to a ratio of 1: 6175.89. Whether or not it walks softly, the US carries a big stick.
(b) 1 : 7202
Incorrect.
The answer is a.
In 2019 (up to time of writing on 2 December), OFSI has levied £161,341 and OFAC has levied US$1,288,790,312 in fines. At the exchange rates on 2 December, that amounts to a ratio of 1: 6175.89. Whether or not it walks softly, the US carries a big stick.
(c) 1 : 6922
Incorrect.
The answer is a.
In 2019 (up to time of writing on 2 December), OFSI has levied £161,341 and OFAC has levied US$1,288,790,312 in fines. At the exchange rates on 2 December, that amounts to a ratio of 1: 6175.89. Whether or not it walks softly, the US carries a big stick.