Context
At the end of April, OFSI marked its 10th birthday by hosting an international conference on financial sanctions at HM Treasury, bringing together partners from across government, industry and international organisations.
Key points to note
The event reflected on how UK financial sanctions have evolved over the past decade, and the role they play in an increasingly complex global environment. Key themes included:
- OFSI’s new PERC strategy (Promote, Enable, Respond, Change) and how it is being delivered in practice
- The importance of partnerships across government, industry and international allies
- The opportunities and risks presented by technological change
Discussions reinforced that sanctions are most effective when delivered collectively, through strong coordination, clear implementation and ongoing engagement.