The FCA today published a statement regarding the setup of the Office of Financial Sanctions Implementation to help UK businesses comply with financial sanctions.
On 31 March the Government announced the Office of Financial Sanctions Implementation (OFSI) has been created within HM Treasury. The Government says that OFSI will provide a high-quality service to the private sector, working closely with law enforcement to help ensure that financial sanctions are properly understood, implemented and enforced.
Details of UK Financial Sanctions, including the consolidated list of financial sanctions targets, can be found on the OFSI website.
The FCA statement is available here.