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 Annual Review, highlighting the main takeaways within the framework of the UK’s efforts to enforce sanctions effectively.
