The UK Office of Financial Sanctions Implementations (OFSI) has published its Annual Review 2021-22

Key points:

From 22 February to 22 October 2022 £18.39 billion in frozen funds were reported to OFSI as being held by on behalf of people designated on the UK’s Russia sanctions (up from £44.5 million in September 2021) and £76,000 from UK counter-terrorist sanctions.OFSI received 236 reports of sanctions breaches.1,271 people and entities were...

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