25 February 2022

MHR response to UK government financial sanctions notice

MHR is aware of evolving guidance being given to businesses by the UK Government and the Office of Financial Sanctions Implementation (OFSI) in relation to new sanctions against Russian entities and individuals in response to the developing situation in Ukraine.

We are taking swift action to ascertain if any of our customers or services will be affected by this unfolding situation. Further information on these sanctions can be found here.

As ever, our priority is our customers, and we will endeavour to communicate with those who may be impacted by these and any new sanctions as soon as possible. As a regulated business, we take our responsibility to ensure adherence to current guidance seriously. We will continue to monitor the situation closely and will provide further updates.


The UK Government has warned that there may be an increased risk of cyber-attacks on UK organisations as a result of the Russian invasion of the Ukraine. We do not believe MHR would be a primary target, but are acutely aware that previous cyber-attacks on Ukraine have spread internationally.

The situation is being monitoring closely and we are following the guidance provided by the National Cyber Security Centre (NCSC). There is currently no indication of an increased level of attacks against MHR.

Protecting systems and data from sophisticated cyber-attacks is already of paramount importance to MHR. A robust suite of security controls is in place to defend against these, including 24/7 monitoring for suspicious activity. Nevertheless, we are on heightened alert to deal with a situation should one arise.

We can also confirm that our supply chain is not affected as we have no suppliers linked to Russian or Belarus. 

We will continue to monitor the situation and contact customers if anything should change.

Customers with any concerns should contact the MHR team here.

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