Joint statement from OFSI, HMT & FCA regarding UK sanctions compliance

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The Office of Financial Sanctions Implementation (OFSI), HM Treasury (HMT) and the Financial Conduct Authority (FCA) have published a joint statement to UK financial services firms, including those in the cryptoasset sector, to ensure they are compliant with the UK sanctions regime and emphasising firms to update and review their current policies and procedures. In addition, it sets out red flag indicators which should be considered when assessing sanctions risk.

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