UK Sanctions Violations Drop In Value Over Past Year

Law360, London (October 10, 2019, 6:27 PM BST) -- The U.K.’s sanctions enforcer said Thursday that the estimated value of reported breaches of sanctions has fallen from a peak of more than £1 billion ($1.2 billion) last year to just over £250 million this year.

The Office of Financial Sanctions Implementation, or OFSI, received 99 reports of suspected breaches totaling about £262 million between 2018 and 2019, according to its annual review. The figure is down from 122 suspected breaches between 2017 and 2018, with a reported value of about £1.35 billion.

The sanctions enforcer, an independent offshoot of HM Treasury set up in 2016 to increase awareness of and...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!