UK Office of Financial Sanctions Implementation (OFSI)

OFSI: 2023-24 Year in Review – What have we learnt?

The Annual Review provides a snapshot of OFSI’s operations over the past year, highlighting the impact of financial sanctions and seeking to demonstrate OFSI’s efforts to encourage compliance. Overall, the Annual Review seeks to ensure transparency and clarity in the regulatory environment, and support the growth of legitimate businesses, while illustrating OFSI’s enforcement of sanctions against those who are in contravention.

We set out in this briefing an overview of the key findings from the...

https://allaboutshipping.co.uk/2025/05/01/ofsi-2023-24-year-in-review-what-have-we-learnt/

UK publishes sanctions compliance guidance for the maritime industry

UK publishes sanctions compliance guidance for the maritime industry

At a Glance…

On 27 July 2020, the UK Office of Financial Sanctions Implementation (OFSI) published its Maritime Guidance providing “financial sanctions guidance for entities and individuals operating within the maritime shipping sector”. The 12-page document is key reading for those in the maritime industry, conducting business in or connected to the UK.

The Maritime Guidance comes hot on the heels of the Global Human Rights...

https://www.allaboutshipping.co.uk/2020/07/30/uk-publishes-sanctions-compliance-guidance-for-the-maritime-industry/