Skip to content

News

Improving civil enforcement processes for financial sanctions

Facebook
Twitter
LinkedIn

Read the full outcome

Consultation Response

Detail of outcome

Between July and October 2025, the Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, sought views on proposed measures to enhance the effectiveness of its civil enforcement processes for financial sanctions and the Oil Price Cap. OFSI has considered the responses received and used them to refine the proposals and to inform how they should be implemented within OFSI’s revised enforcement framework.

OFSI is now publishing its response to the consultation. This document summarises the feedback received and explains how the revised enforcement framework will operate. The changes are intended to enable quicker and more efficient investigation and resolution of potential breaches, reduce burdens on both OFSI and subject firms or individuals, and support improved delivery of enforcement outcomes. These changes apply only to OFSI’s civil enforcement powers.

All but one of the proposed changes will take effect when OFSI publishes its updated Enforcement and Monetary Penalties guidance in February 2026. Changes to OFSI’s statutory maximum penalties will be implemented via legislation when parliamentary time allows.

Source: HM Treasury and Office of Financial Sanctions Implementation

Facebook
Twitter
LinkedIn

Related Posts

FCA Sanctions Review: Key Lessons for Firms

The Financial Conduct Authority (FCA) has released its latest review of firms’ sanctions systems and controls, identifying common weaknesses across the financial services sector. Since February 2022, the FCA has
Read More >
FCA Safeguarding rules

REP027 Explained: What UK Payment and E-Money Firms Need to Do Now

The FCA has introduced a major change to safeguarding oversight for UK payments and e-money firms. Starting 7 May 2026, firms safeguarding customer funds must complete the new monthly regulatory
Read More >