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UK OFSI 2025 report: £37bn frozen, Russia assets doubled; shift to proactive enforcement and rising non‑self‑reported cases; compliance warnings after HSF fine; first autonomous domestic counter‑terrorism designations

Published on: 20 October 2025

Published by a Law360 reporter
Legal News
Article summary

The Office of Financial Sanctions Implementation’s (OFSI) annual report, issued on 15 October 2025, indicated that the enforcement of Russia sanctions continued to be the foremost priority, citing £22.5bn of assets reported frozen under the Russia regime—twice the £10.2bn recorded a year earlier. As of April 2025, the OFSI was managing 240 active compliance-related cases, with an expanding share not uncovered via self-reporting—151, up from 108 logged last year, the report further added. Giles Thomson, HM Treasury’s director of economic crime and sanctions, said it had been 'a year marked by significant progress in our mission to enhance the effectiveness of the UK's financial sanctions regime'...

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