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UK Sanctions Agency Sets Sights on Broader Economic Crimes

By Koos Couvée

The U.K. Office for Financial Sanctions Implementation will continue to administer and enforce Britain's now-autonomous sanctions while newly targeting a wider array of financial crimes, the agency's new chief said Thursday. Giles Thomson, who joined OFSI in November after five years of running HM Treasury's anti-money laundering, counterterrorist financing and sanctions policy and leading the U.K.'s delegation to the Financial Action Task Force, said in an online statement that he will use the expanded role "to build stronger links between sanctions and broader economic crime work." OFSI, a department within HM Treasury widely viewed as modeled on the U.S. Treasury...

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