OFSI publishes assessment of threats to UK financial sanctions compliance as Designated Persons turn to professional enablers to circumvent sanctions.
The Office of Financial Sanctions Implementation’s Threat Assessment Report looks at key threats in respect of compliance by UK financial services institutions – including insurers, banks, and auditors, which are deemed to be professional enablers – in response to an increase in DPs using third parties to evade sanctions, particularly Russia related sanctions. The report […]
