OFSI Financial Service Threat Assessment Report

IPA Insolvency Practitioner newsletter, February 2025

The Office of Financial Sanctions Implementation (OFSI) publish a series of reports on that consider threats and vulnerabilities in respect of the UK sanctions regime across sectors. The latest report covers the financial services sector. Whilst this is not explicitly dealing with insolvency specific threats, with the reporting requirement for Insolvency Practitioners coming into effect from 14 May 2025, the report provides some good intelligence on threat issues as well as information and links on how to deal with matters with OFSI, which may be of assistance to members.