OFSI | AMLP Forum

OFSI warns of scams impersonating the sanctions authority to demand payments, crypto transfers, or fees to release frozen funds, urging users to verify communications and report suspicious activity

by AdrianaAMLP | Jul 24, 2026

The guidance explains how businesses and individuals can assess emails, letters and other communications claiming to come from the Office of Financial Sanctions Implementation. OFSI clarifies that it will never request payments, charge a fee for a licence or ask for...

OFSI and OFAC publish comparative guide outlining key similarities and differences between UK and U.S. sanctions regimes, covering sanctions lists, licensing, reporting and recordkeeping

by AdrianaAMLP | Jul 22, 2026

The guidance, published on 23 June 2026, compares key aspects of the two sanctions systems, including organisational responsibilities, legal frameworks, sanctions terminology, jurisdictional reach, prohibited activity, permitted activity and reporting obligations. It...

OFSI updates its UK Financial Sanctions FAQs, providing greater clarity on sanctions compliance, licensing and reporting obligations for regulated firms

by Jyotsna Bucktowar | Jul 21, 2026

The latest update introduces new guidance on the Basic Needs Allowance (BNA) licence, explaining how designated persons may access limited frozen funds for essential living expenses, how spending limits are applied, and when separate licences may be required. The FAQs...

OFSI imposes a £1M penalty on Sabre Global Technologies for breaching UK sanctions against Russia and attempting to circumvent payment restrictions, marking the largest UK sanctions penalty

by AdrianaAMLP | Jun 17, 2026

OFSI fined Sabre Global Technologies Limited £1,000,920.59 after finding that it made funds and economic resources available to designated Russian carrier Ural Airlines for seven months after its UK designation, including continued access to its Global Distribution...

OFSI fines Deutsche Bank’s London branch £165,000 for processing £635,618.75 to an entity linked to a UK-sanctioned individual due to inadequate ownership and control checks

by Jyotsna Bucktowar | May 22, 2026

The case highlights weaknesses in sanctions screening and due diligence controls, where the bank did not properly detect that the counterparty was effectively controlled by a sanctioned individual, leading to prohibited funds being made available. The penalty was...

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OFSI warns of scams impersonating the sanctions authority to demand payments, crypto transfers, or fees to release frozen funds, urging users to verify communications and report suspicious activity

OFSI and OFAC publish comparative guide outlining key similarities and differences between UK and U.S. sanctions regimes, covering sanctions lists, licensing, reporting and recordkeeping

OFSI updates its UK Financial Sanctions FAQs, providing greater clarity on sanctions compliance, licensing and reporting obligations for regulated firms

OFSI imposes a £1M penalty on Sabre Global Technologies for breaching UK sanctions against Russia and attempting to circumvent payment restrictions, marking the largest UK sanctions penalty

OFSI fines Deutsche Bank’s London branch £165,000 for processing £635,618.75 to an entity linked to a UK-sanctioned individual due to inadequate ownership and control checks

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