You may have noticed that the notices from Her Majesty’s Treasury have a new header on them…
Launch of the Office of Financial Sanctions Implementation (OFSI)
The Treasury has today established within it the Office of Financial Sanctions Implementation (OFSI). This follows the announcement made by the Chancellor at the Summer Budget 2015. OFSI will support the UK’s foreign policy and national security goals and work to help maintain the integrity of and confidence in the UK financial services sector. OFSI’s principle aims are to:
- increase awareness of and compliance with financial sanctions;
- ensure that sanctions breaches are rapidly detected and effectively addressed; and
- provide a professional service to the public and industry on financial sanctions issues.
OFSI will continue and build on the work carried out by the Treasury’s Financial Sanctions team.
If you have submitted any kind of application, report, or query to the Financial Sanctions team please note that OFSI will continue to process all of these and will respond accordingly. There is no need for you to contact us or re-submit any documents. Please note that all responses from OFSI will now be sent from firstname.lastname@example.org.
From today all new enquiries, licence applications, licence reports, reports of frozen assets, and breach forms should be sent to email@example.com.
HM Treasury has also changed the email address we use to send out our notifications. All future notifications from OFSI will be sent from this address: firstname.lastname@example.org.
Office of Financial Sanctions Implementation