Sanctions
Technology & Data Analytics
Industry News
This report demonstrates OFSI’s strengthened operational capabilities and growing role in safeguarding the UK’s financial integrity amid ongoing global threats.
Key Highlights:
➡️ 396 suspected breaches were recorded and 242 cases closed—over triple the previous year—with increased use of proactive, intelligence-led investigations;
➡️ £25 billion in Russian assets were reported frozen between February 2022 and December 2024;
➡️ OFSI carried out 105 outreach engagements and issued 161 e-alerts to support industry compliance with financial sanctions; and
➡️ Resourcing grew to 135 staff, with significant investment in data analytics, crypto investigation capabilities, and enforcement capacity.
✅ Firms must continue strengthening their sanctions compliance and proactively monitor evolving risks and typologies.
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