office of Financial Sanctions Implementation

On April 3, 2017, the UK Treasury’s Office of Financial Sanctions Implementation (OFSI) announced new penalties for economic sanctions violations of £1 Million or 50% of the value of the transaction, whichever is higher. As a result, this new detective has a powerful new enforcement tool, and it may be taking notes from the aggressive U.S. sanctions enforcers.
Continue Reading A New Sleuth in Britain: The UK Quietly Empowers a Sanctions Enforcement Office