On 9 February 2026, the UK Office of Financial Sanctions Implementation (“OFSI”) published updated financial sanctions enforcement and monetary penalties guidance. This guidance introduces several significant changes to OFSI’s civil enforcement framework, including how OFSI assesses and deals with financial sanctions breaches. These updates to OFSI’s enforcement framework follow OFSI’s consultation on improving civil enforcement processes that took place last year. OFSI recently published a Consultation Response on this, accessible here. These reforms are intended…
This week, the US relaxation of sanctions against Venezuela’s oil and gas sector entered a new phase with…
On February 3, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued new…
On 28 January 2026, OFSI announced (see here) strengthened multi agency efforts to counter the abuse of cryptoassets…
On January 29, 2026, President Trump signed Executive Order 14380, “Addressing Threats To the United States by the…
As summarized in our recent blog post, in response to recent threat of tariffs over the Greenland issue,…
On February 2, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) reissued General…