Financial Sanctions | AMLP Forum

OFSI fines Citibank £4.73M for multiple UK financial sanctions breaches involving £19.72M in payments, flagging weaknesses in sanctions screening, alert handling and account restrictions

by AdrianaAMLP | Sep 2, 2026

The breaches involved 970 payments worth £19.72 million, including transactions involving designated Russian entities and individuals. OFSI identified weaknesses in sanctions screening, alert handling, account restrictions and staff decision-making, with delays and...

UK issues its first nationwide alert on Russia’s A7 sanctions-evasion network, which claims to have moved $86bn+, as OFSI doubles its maximum penalty for breaches to 100% of the breach value

by AdrianaAMLP | Aug 31, 2026

The NCA and UK government have issued the first nationwide industry alert on the Kremlin-backed A7 network, detailing its use of third-country financial institutions and cross-border payment structures to circumvent sanctions and regain access to the international...

OFSI extends the Lukoil International General Licence to Feb 2027, expanding covered subsidiaries and adding notification requirements while keeping sanctions and asset-freezing restrictions in place

by AdrianaAMLP | Aug 12, 2026

OFSI amended its Russia sanctions general licence on 12 August, broadening the definition of covered Lukoil International subsidiaries, introducing a new notification requirement for entities using the licence and extending its duration by six months. A related...

US Department of Justice secures guilty plea from sanctioned cartel associate who arranged more than $500,000 in tuition payments through a Florida school despite being barred from the US financial system

by AdrianaAMLP | Jul 28, 2026

Wendy Dalaithy Amaral Arevalo, the former wife and current partner of a Los Cuinis cartel leader, admitted entering contracts with IMG Academy and arranging payments for her child’s attendance after OFAC designated her in 2015. The prosecution follows OFAC’s February...

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...

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OFSI fines Citibank £4.73M for multiple UK financial sanctions breaches involving £19.72M in payments, flagging weaknesses in sanctions screening, alert handling and account restrictions

UK issues its first nationwide alert on Russia’s A7 sanctions-evasion network, which claims to have moved $86bn+, as OFSI doubles its maximum penalty for breaches to 100% of the breach value

OFSI extends the Lukoil International General Licence to Feb 2027, expanding covered subsidiaries and adding notification requirements while keeping sanctions and asset-freezing restrictions in place

US Department of Justice secures guilty plea from sanctioned cartel associate who arranged more than $500,000 in tuition payments through a Florida school despite being barred from the US financial system

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

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