2018 was another busy year for OFSI as we continued to make sure financial sanctions are properly understood and enforced. The last 12 calendar months saw OFSI attend over 90 meetings and events which have taken place in the UK …
When implementing financial sanctions, it can be a challenge to measure your own effectiveness. Fortunately, the Financial Action Task Force (FATF) do just that. FATF have just given the UK the highest possible rating for its measures in promoting the …
How many financial sanctions regimes does the UK implement? How much money do UK institutions hold in frozen funds? You can find out in OFSI’s first annual review, released today. The review gives a snapshot into OFSI’s work in the financial year …
Find out more about reporting to OFSI using our revised forms
I’m Head of Enforcement and Engagement for the Office of Financial Sanctions Implementation. This may sound like a contradiction, but actually I think enforcement and engagement are natural fits. Breaching financial sanctions is a criminal offence, punishable by up to seven …
Head of OFSI Rena Lalgie looks at why financial sanctions are important, how we implement them, and what we're focusing on in the coming year.
The UK targets over 200 individuals, groups and companies under North Korea financial sanctions. We look at some of the challenges companies may face in managing their financial sanctions risk.
Which UK financial sanctions regime imposes the most asset freezes? Read the new OFSI blog to find out
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