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Financial Conduct Authority (FCA) Office of Financial Sanctions Implementation (OFSI) Compliance

A&O Shearman

HM Treasury's OFSI warns of crypto sanctions risks in new threat assessment report

A&O Shearman on

The UK Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, has published a sector-specific threat assessment report highlighting significant compliance risks facing UK cryptoasset firms in relation to...more

WilmerHale

OFSI Issues Updated Guidance Relating to Assessments of due Diligence Conducted in Relation to the “Ownership and Control” Test,...

WilmerHale on

The Office of Financial Sanctions Implementation (OFSI) has updated its ‘enforcement and monetary penalties for breaches of financial sanctions’ guidance, which was last updated in June 2022. ...more

BCLP

Liquidating Frozen Assets: When Foreign Policy Meets Sanctions Enforcement

BCLP on

In their June 2022 report “The cost of complacency: illicit finance and the war in Ukraine”, the House of Commons Foreign Affairs Committee (the “FAC”) condemned the UK Government’s historic lack of commitment to tackling...more

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