UK – OFSI Annual Report for 2020-2021: enforcement statistics

The UK’s OFSI has published its Annual Report for 2020-2021.

OFSI notes that it received 132 reports of potential financial sanctions breaches.

Interestingly, OFSI declined to publish the usual annual figure of the value of the reported breaches noting that “the total value of potential breaches reported during a financial year can be disproportionately affected by a small number of transactions with a large value”.

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