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U.K. officials will soon ask banks and other financial services companies for their views on a proposed framework for resolving sanctions-related enforcement actions by way of early settlements. The Office of Financial Sanctions Implementation, an agency widely seen as modeled on the U.S. Office of Foreign Assets Control, launched in March 2016, and a year later gained power to penalize companies for breaching U.K. financial restrictions or defer prosecution against them if they agree to address the shortcomings that led to their violations. Giles Thomson, OFSI's director since November 2020, told attendees of an ACAMS-hosted conference in Paris this month...