Author

Kelvin Hong (UK)

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In October 2024, the United States Department of the Treasuryā€™s Office of Foreign Assets Control (ā€œOFACā€) and the United Kingdomā€™s Office of Financial Sanctions Implementation (ā€œOFSIā€) celebrated the second anniversary of their Enhanced Partnership. This collaboration, initiated in response to the increasingly complex geopolitical landscape, aims to bolster the effectiveness of sanctions as a global tool for national security. Over the past two years, OFAC and OFSI have worked closely to coordinate their sanctions regimes,…