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UK plans to step up enforcement of Iran-related sanctions.
BlockBeats News, June 29—According to a report by the Financial Times, Giles Thomson, head of the UK Office of Financial Sanctions Implementation (OFSI), said in an interview that the agency is currently stepping up efforts to impose penalties on companies that violate sanctions and do business with Iran. Thomson also disclosed that sanctions related to Russia remain OFSI’s top priority. The department is further deepening cooperation with the United States, and it is expected that the two sides will issue penalty notices together in the future.
In addition, the department is set to second personnel to the Bank of England for the first time.