What is OFSI?
OFSI is the UK Office of Financial Sanctions Implementation, part of HM Treasury. It helps communicate, implement, and enforce UK financial sanctions, including licensing and breach reporting. Since January 28, 2026, the UK Sanctions List, not the old OFSI consolidated list, is the current source for UK sanctions designations.
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Full name: Office of Financial Sanctions Implementation
Short explanation
The Office of Financial Sanctions Implementation is the HM Treasury unit responsible for helping UK financial sanctions be understood, implemented, and enforced. OFSI publishes guidance, handles financial-sanctions licensing, receives breach reports, and imposes monetary penalties. For current designation data, use the UK Sanctions List: the old OFSI Consolidated List of Asset Freeze Targets closed on January 28, 2026 and is no longer updated.
Related study: Cross-list sanctions overlap study
How it’s used
- UK sanctions compliance: OFSI guidance explains how UK financial sanctions apply, how to request licences, and how to report suspected breaches.
- Designation lookup: current UK designations should be checked against the UK Sanctions List, which replaced the old OFSI consolidated-list workflow on January 28, 2026.
- Fonteum treats UK sanctions as a separate source family from OFAC, EU, UN, SAM.gov, and OIG lists because fields, legal authorities, and update cadence differ.
Frequently asked questions
- What does OFSI stand for?
- OFSI stands for Office of Financial Sanctions Implementation.
- Is the old OFSI consolidated list still current?
- No. GOV.UK says the OFSI consolidated list closed on January 28, 2026. The UK Sanctions List is the current source for UK designations.
- Is OFSI the same as OFAC?
- No. OFSI is part of the UK government. OFAC is a U.S. Treasury office that administers U.S. sanctions programs.
Explore in Fonteum
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