On Tuesday 6 September 2022 we attended a webinar where Giles Thomson, the director of the Office for Financial Sanctions Implementation (OFSI), spoke about recent developments in UK sanctions. Thomson specifically spoke about developments around the UK/Russia sanctions regime and what he views as OFSI’s priorities going forward. We thought that this may be of interest to you so we have summarised the key takeaways below.
While OFSI did not announce any changes or developments during the webinar that will immediately impact entities’ compliance with UK sanctions, it is clear that Thomson is aware of the areas most pressing for individuals and organisations complying with UK sanctions laws. We will continue to monitor developments in this space and look out for any guidance issued by OFSI as referenced throughout the webinar.
As ever, please let us know if you have any questions concerning compliance with UK sanctions. We are happy to advise on specific issues and transactions as they arise.
Authored by Aline Doussin and Simi Malhi.
Sanctions Navigator: Russia Sanctions
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