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ARTICLE · 21 OCTOBER 2021

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OFSI Annual Review 2020-2021

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The Office of Financial Sanctions (OFSI) has published its 2020/2021 annual review, covering the period April 2020 to March 2021.

European UnionGovernment, Public Sector
John Binns
John Binns
Suzanne Gallagher
Suzanne Gallagher
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The Office of Financial Sanctions (OFSI) has published its 2020/2021 annual review, covering the period April 2020 to March 2021. OFSI leads on the implementation of UN and UK financial sanctions and terrorist asset freezing, providing guidance and taking enforcement action, which includes imposing monetary penalties.

This annual publication gives an overview of OFSI's operational work, providing key statistics from the different areas of financial sanctions. This is the first annual report published since the Brexit transition period ended on 31 December 2020, marking the end of UK participation in EU sanctions, and the beginning of the new UK autonomous sanctions framework under the Sanctions and Money Laundering Act 2018 ('the Sanctions Act').

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