69.2% of vessels with unknown beneficial owners have engaged in risky or sanction-violating behaviour, report finds.
April 21, 2023Updated guidance sets out expectations around the due diligence that should be performed to assess whether entities are owned or controlled by designated persons.
March 21, 2023The beneficial ownership of ten offshore trusts owned by Russian oligarch Roman Abramovich was changed shortly before he was sanctioned in the EU and UK.
February 3, 2023Professional services ban expanded from accounting, consulting and PR services to include trust, advertising, auditing, engineering and IT consultancy and design services.
December 23, 2022Russia has overtaken Libya and Iran to become the UK's most-sanctioned nation, the OFSI said in its annual review.
November 14, 2022The next round of EU sanctions could include limits on LPG imports, more restrictions against Russian banks, and a ban on the sale of European real estate to Russians.
October 19, 2022Crypto firms are directed to freeze assets of targets listed under the Consolidated List and report suspected sanctions breaches to the OFSI.
September 8, 2022The UK announced 42 new designations. The EU extended its sanctions and added 54 more individual and 10 more entity designations.
July 29, 2022New regulations will require crypto exchanges and wallet providers to comply with OFSI’s reporting obligations from 30 August 2022.
July 26, 2022London-based enablers are "almost certain" to be in senior positions within their company or business, says a red alert from the NCA and OFSI.
July 14, 2022