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Financial sanctions enforcement and monetary penalties guidance updated

IPA Insolvency Practitioner newsletter, March 2026

Following its recent consultation, the Office for Financial Sanctions Implementation (OFSI) has published updated financial sanctions enforcement and monetary penalties guidance, reflecting a stronger and more transparent enforcement framework. The updates are designed to support compliance, give firms greater certainty and ensure sanctions are applied fairly, effectively and robustly. This guidance is in effect as of 9 February.

As a matter of policy, OFSI assesses all breaches of financial sanctions in line with the enforcement guidance in effect at the time of making its first formal decision on whether to take enforcement action.

Read the updated guidance and a summary of key changes here.


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