OFSI
The UK’s Office of Financial Sanctions Implementation administers financial sanctions, licences and enforcement.
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Banking
UK OFSI Fines Citibank London £4.73 Million Over 970 Sanctions-Breaching Payments
The UK Office of Financial Sanctions Implementation (OFSI) has imposed a £4,732,830.58 civil monetary penalty on Citibank, N.A., London Branch (CBNA London) for breaches of…
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Europe
UK Issues First Nationwide A7 Sanctions-Evasion Alert and Plans to Double OFSI Penalty Cap
The UK government and National Crime Agency issued the country’s first nationwide industry alert focused on the Kremlin-backed A7 network on 31 August 2026, warning…
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Europe
OFSI Extends Lukoil General Licences and Adds User Notification Requirement
UK financial sanctions authority OFSI has amended two General Licences covering continued business with Lukoil International and Lukoil Bulgaria entities, adding a new notification requirement…
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