On 21 March 2025, the UK Office of Financial Sanctions Implementation (āOFSIā) published its 2023-2024 annual review (see here). The report summarises OFSIās activities for the 2023-24 financial year in the context of its aim to āEngage, Enhance, Enforceā. This involves industry engagement to improve understanding of UK sanctions, enhancing stakeholder service through increased hiring and investment, and enforcing compliance using a full range of actions and improved processes. Although OFSIās report indicates that the…
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