In October 2024, representatives from the United Kingdom’s (UK) Office of Financial Sanctions Implementation (OFSI) and the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) convened in Washington, DC at our annual technical exchange, marking the second …
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 …
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
Find out more about reporting to OFSI using our revised forms
How do we ensure people know what financial sanctions are and how to comply? Read about OFSI's approach to engagement and enforcement