UK plans to ramp up enforcement of Iran-related sanctions.

June 29 news, according to the Financial Times, Gyles Thomson, head of the UK Office of Financial Sanctions Implementation, said in an interview that the current focus is on stepping up efforts to impose penalties on companies that violate sanctions by doing business with Iran. Thomson said that sanctions related to Russia remain OFSI’s top priority. The department is also deepening cooperation with the United States, and the two sides are expected to jointly issue penalty notices/orders in the future. In addition, the department is about to make its first-ever staff secondment to the Bank of England.
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