March 1, 2019

Online fashion company discloses that certain of its shipments may have violated the US embargo of Crimea

Farfetch Limited, an online fashion retail platform based in London, stated in an SEC filing that in April 2018 it had voluntarily self-disclosed to regulators that US-origin products purchased on the company’s platform in the US and valued at $391.24 were shipped to Crimea.  In October 2018, Farfetch submitted its final voluntary self-disclosure report to the US Commerce Department’s Bureau of Industry and Security and the US Treasury Department’s Office of Foreign Assets Control.  On February 25, 2019 the US Commerce Department issued a warning letter and closed the matter without assessing a monetary penalty, but OFAC is still reviewing the company’s final disclosure. 

Form 20-F