Published: 11th April 2016

Of Relevance to
All firms


Financial Sanctions

The Office of Financial Sanctions Implementation (“OFSI”) came into being on 31 March.

The OFSI, which is part of HM Treasury, was flagged-up in last year’s Summer Budget, and is tasked with ensuring that financial sanctions are properly understood, implemented and enforced in the UK.

Firms should ensure that those persons responsible for ensuring the adherence to the sanctions regime are aware of the new website – albeit that some links therein will take you to the more familiar web pages.

The revised Guidance, now badged OFSI, is a useful reference guide.

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