Tag: financial sanctions

Are the UK’s Russian financial sanctions working?

12 months following the publication of its report ‘Defeating Putin: the development, implementation and impact of economic sanctions on Russia’, the UK’s Treasury Committee is seeking evidence on the UK’s approach to sanctions against Russia. The deadline for submissions is 28 March 2024, and contributors are encouraged to submit evidence on a number of issues, […]

Shipshape? OFSI issues ‘refresh’ of maritime guidance

In a recent blog post, OFSI issues ‘refreshed’ guidance on the effect of financial sanctions in the maritime sector, including “new tactics used by illicit actors to evade UK financial sanctions”, emphasising the need for entities from a broad range of sectors – including financial services – to consider the same. The guidance itself highlights […]