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  • OFSI Financial Services Threat Assessment: Key Insights

    OFSI Financial Services Threat Assessment: Key Insights

    The UK’s Office of Financial Sanctions Implementation (OFSI) has published their February 2025 Financial Services Threat Assessment. Here are my three key takeaways: You can read the full Threat Assessment here. If you need assistance with preparing or reviewing risk assessments or training your teams on sanctions compliance, contact Fairgreen Sanctions today. Subscribe to new Read more

  • ACSS European Conference on Global Sanctions and Export Controls

    ACSS European Conference on Global Sanctions and Export Controls

    I’m delighted to have been invited to speak at the ACSS European Conference on Global Sanctions and Export Controls to be held in Amsterdam on 11-12 April 2024. This year’s conference looks like the best ever, with representatives from regulators, all major industry sectors and a range of legal and consulting practitioners. You will be Read more

  • US terminates its Zimbabwe sanctions program…but other sanctions still apply

    US terminates its Zimbabwe sanctions program…but other sanctions still apply

    The US has terminated its Zimbabwe sanctions program, but has designated 11 individuals, including Zimbabwe’s President and three entities for their involvement in corruption or serious human rights abuse. In short, the country program has gone, but the US continues to have serious human rights concerns about the country’s governments and has moved to a Read more

  • European Commission publishes enhanced due diligence guidance

    The European Commission has recently published due diligence guidance focussing on the prevention of Russian sanctions circumvention. This short document is a useful summary of best practice that could apply to all businesses (in or out of EU) which are exposed to potential sanctions risk.  The guidance includes: While the guidance is aimed at EU Read more

  • Russian secondary sanctions threat begins to bite

    Russian secondary sanctions threat begins to bite

    Bloomberg ($) reports that Chinese banks are reviewing Russian exposure, under threat of new US Secondary Sanctions announced last month. As we have already seen with Iran, when the US introduces secondary sanctions the whole world needs to consider its potential risk exposure. Any of the dozens of institutions who have settled sanctions violations with Read more

  • A numerical tour of OFSI’s Annual Review

    A numerical tour of OFSI’s Annual Review

    As active watchers of UK sanctions will be aware, the UK’s Office of Financial Sanctions Implementation (OFSI), published its annual report for 1 Apr 2022 – 31 Mar 2023 just before Christmas.  You can read the full report here.  I’m a numbers guy at heart and here are the key areas that tell the story Read more