OFAC and OFSI to enhance sanctions implementation support

Reflections From Orel Garcia, Junior Consultant
Switzerland expands sanctions list against Russia

The US Treasury’s OFAC & the UK’s Office of Financial Sanctions Implementation have decided to deepen their co-operation, to enhance both their own capabilities and the support they provide Financial Institutions in effective sanctions implementation. The partnership will allow for a greater sharing of best practices and opportunities to pool expertise, aiding responses to threats such as the potential misuse of digital assets.


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