Overview
Alex Melia and Elliot Letts authored an article titled, "OFSI's New Enforcement Framework: What Companies Need to Know," which appeared in Export Compliance Manager. The article examines the UK Office of Financial Sanctions Implementation’s (OFSI) most significant overhaul of its enforcement regime to date, outlining higher potential penalties, new fixed penalties, expanded settlement and early account schemes, and a more structured, deterrence-focused approach to sanctions enforcement that raises compliance expectations for affected businesses.
Read the full article in Export Compliance Manager. (Subscription required).
