Skip to main content

Staying compliant with financial sanctions in the maritime sector

Posted by: , Posted on: - Categories: OFSI Blog

Compliance with financial sanctions is critical for all businesses including those in the maritime shipping sector. For maritime businesses, including shipping companies, port operators, insurers, and financial institutions, adhering to financial sanctions regulations requires a proactive and comprehensive approach given …

OFSI publishes details of frozen asset reporting for financial year 2022-23

Posted by: , Posted on: - Categories: OFSI Blog

On 14 December 2023, the Office of Financial Sanctions Implementation (OFSI) published its Annual Review for the financial year 2022 to 2023 containing reporting on assets frozen under UK financial sanctions regulations. This blog explains more about the two separate reporting …