OFSI has launched a call for evidence to seek industry’s views on how UK financial sanctions regulations on ownership and control are applied in practice, including how firms implement the regulations and where they face challenges. The ownership and control …
Today, 29 January 2026, we are publishing OFSI’s public consultation response on proposed changes to our enforcement processes. Under our revised framework, these changes will support compliance, give firms greater certainty and ensure our approach to enforcing financial sanctions is …
Today, on 17 July, OFSI has launched new online forms for submitting licence applications, reporting suspected breaches, and other key reporting such as frozen assets. This is a significant step forward in our drive to modernise and streamline our services, …
On 20 March 2025, OFSI announced a monetary penalty of £465,000 against Herbert Smith Freehills CIS LLP (“HSF Moscow”) for breaches of UK financial sanctions on Russia, linked to its illegal invasion of Ukraine. The penalty relates to six payments …
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 …
Earlier this month, sanctions leads and implementers from across the Crown Dependencies (CDs) and Overseas Territories (OTs) gathered in London for the fourth annual CDs and OTs Sanctions Forum. Sanctions Implementation in the CDs and OTs The CDs and OTs …
The Office of Financial Sanctions Implementation (OFSI) is committed to providing high-quality, widely accessible and easy to understand guidance to support our users to implement financial sanctions. As part of this commitment, we are always looking for ways to improve …
Read OFSI's latest blog from Giles Thomson about his new role as Director of OFSI and economic crime
OFSI director Rena Lalgie reflects on the last four years
Find out what OFSI got up to in the last financial year by reading our latest annual review