OFSI Threat Assessment Report: Financial Services

1. On 13 February 2025 the UK Office for Sanctions Implementation (OFSI) published a Threat Assessment Report covering Financial Services.

2. The report identifies key evasion threats, red flags that businesses should be aware of, and recommendations on how to mitigate the identified risks.

3. This report is the first in a line of Threat Assessment Reports that will be produced by OFSI.

4. Although the report has been written for UK based businesses, the threats and behaviours identified also apply to Jersey.  

Further Information

5. Further information on sanctions can be found on Government of Jersey and Jersey Financial Services Commission (JFSC) websites. 

6. Jersey guidance on sanctions regimes is available at JFSC Sanctions by country and category. 

7. OFSI Advisory on North Korean IT Workers

8. NCA and OFSI Red Alert: Financial Sanctions Evasion Typologies by Russia Elites and Enablers

9. The UK Sanctions List on GOV.UK. 

10. The UK Office of Financial Sanctions Implementation Consolidated List on GOV.UK. 

Enquiries

11. Non-media enquiries, sanctions compliance reporting, and licence applications should be emailed to the Financial Sanctions Implementation Unit at sanctions@gov.je. ​

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