| Link(s): | OFSI Strategy: 2026 – 2029 – GOV.UK FSI Strategy 2026-29 – Office of Financial Sanctions Implementation |
Context
OFSI has published its Strategy for 2026-2029. It sets out OFSI’s core objective: to ensure financial sanctions are effective, resilient and impactful. The Strategy reflects the growing use of sanctions amid geopolitical instability, aligned with challenges and opportunities OFSI expects over the next three years. This year marks ten years since the OFSI was established. Over those ten years, OFSI has built stronger capability and confidence, enhancing licensing, enforcement and intelligence, deepening international partnerships, and supporting firms to navigate increasingly complex sanctions regimes.
Key points to note and next actions
- The Strategy sets out a renewed focus on enhanced understanding of threats grounded in data and insight; high quality licensing, enforcement and compliance support; and strong partnerships with industry, across Government and internationally.
- At its heart is a new, clear operating model: “Promote, Enable, Respond and Change” (PERC).
OFSI will:
- Focus policy, operational decisions, and resources on the areas of greatest impact, grounded in high-quality data, evidence and a stronger understanding of threats, risks and context;
- Maintain open, regular engagement with industry; and
- Work in close partnership across government, with regulators and law enforcement, and with the private sector and international allies to strengthen the impact of UK financial sanctions and support effective compliance.