United Kingdom

GB · GBR · Europe

4 regulators · 3 instruments · 23 enforcement actions

Office of Financial Sanctions Implementation OFSI

Official site
https://www.gov.uk/government/organisations/office-of-financial-sanctions-implementation
Established
2016
Constituting statute
None
Activity · 90 days Laws & circularsEnforcementNews
Enforcement action — 2 Sep 2026

Who they are

The Office of Financial Sanctions Implementation (OFSI) was established in March 2016 and is part of HM Treasury. OFSI was established administratively as part of HM Treasury, and its statutory authority, enforcement powers, and legal frameworks are derived from three primary pieces of UK legislation.

  1. The Policing and Crime Act 2017 (Section 146)
  2. The Sanctions and Anti-Money Laundering Act 2018 (SAMLA)
  3. The Economic Crime (Transparency and Enforcement) Act 2022

What they do

OFSI works to improve understanding, implementation and enforcement of financial sanctions in the United Kingdom. OFSI aims to:

  1. raise awareness of and compliance with financial sanctions
  2. rapidly detect, respond to and address financial sanctions breaches
  3. provide a professional service to businesses and others affected by financial sanctions

In doing so, it helps to:

  1. ensure that financial sanctions make the fullest possible contribution to the UK’s foreign policy and national security goals
  2. maintain the integrity of, and confidence in, the UK financial services sector

Enforcement by this regulator

The latest 10 of 23 — see all 23 on the Enforcement tab.

Date Entity Action Penalty Source
2 Sep 2026 Citibank, N.A., London Branch (bank) Monetary Penalty 4,732,831 GBP source
17 Jun 2026 Sabre Global Technologies Limited (technology company) Monetary Penalty 1,000,921 GBP source
19 May 2026 Deutsche Bank AG London Branch (bank) Monetary Penalty 165,000 GBP source
30 Mar 2026 Apple Distribution International Limited (technology company) Monetary Penalty 390,000 GBP source
26 Jan 2026 Bank of Scotland PLC (bank) Monetary Penalty 160,000 GBP source
30 Sep 2025 Colorcon Limited (pharmaceutical company) Monetary Penalty 152,750 GBP source
8 Sep 2025 Vanquis Bank Limited (bank) Disclosure — source
31 Jul 2025 Markom Management Limited (management company) Monetary Penalty 300,000 GBP source
8 May 2025 Svarog Shipping & Trading Company Limited (maritime company) Monetary Penalty 5,000 GBP source
20 Mar 2025 Herbert Smith Freehills CIS LLP (law firm) Monetary Penalty 465,000 GBP source

Latest news

No news tagged to this regulator yet.

Browse all news