23 September 2019

New financial sanctions reporting obligations

As of 8 August 2017, independent legal professionals are now required to report information that could undermine UK financial sanctions to the Office of Financial Sanctions Implementation (OFSI). Please note that failure to do so is a criminal offence. To help you understand and comply with the reporting requirements please read the OFSI's guidance about financial sanctions and information on monetary penalties on their website.

To stay up-to-date on financial sanctions, subscribe to OFSI's e-alert.