In June 2023, the UK government announced that it would be introducing two new reporting measures. These are to strengthen transparency of frozen assets in the UK and assist HM Treasury in monitoring compliance with, and detecting evasion of, financial …
Giles Thomson is the Director of Economic Crime and Sanctions at HM Treasury.
He is responsible for the UK’s AML/CTF policy, is the UK’s Head of Delegation to the Financial Action Task Force and runs OFSI – the UK’s competent authority for the implementation and enforcement of financial sanctions. He has close to twenty years' experience in a range of roles across government, working extensively on economic crime policy before joining OFSI in November 2020.
The critical role that financial sanctions have played in the international coalition’s response to Russia’s invasion of Ukraine has further demonstrated what a crucially important tool they are for the UK to protect its national security and financial integrity. As …
OFSI's director Giles Thomson talks about new powers which come into force on 15 June and our approach to enforcement
Read OFSI's latest blog from Giles Thomson about his new role as Director of OFSI and economic crime
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The Office of Financial Sanctions Implementation (OFSI) helps to ensure that financial sanctions are properly understood, implemented and enforced in the United Kingdom.
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