Office of Financial Sanctions Implementation

The Office of Financial Sanctions Implementation (OFSI) is a part of the UK government responsible for applying and enforcing financial sanctions. These sanctions are restrictions, such as freezing assets or limiting transactions, aimed at preventing individuals, organizations, or countries involved in illegal activities (like terrorism or crime) from accessing financial resources. OFSI ensures that banks and businesses comply with these rules, helping to protect the financial system and support national security. Its work involves monitoring, implementing sanctions, and providing guidance to organizations to ensure legal compliance.