The Office of Financial Sanctions Implementation has released its Annual Review for the year to August. Among the information provided is that to 22 October this year £18.39 billion in frozen funds were reported to OFSI as being held by on behalf of people designated on the UK’s Russia sanctions (up from £44.5 million in September 2021) and £76,000 from UK counter-terrorist sanctions. It is also said to have received 236 reports of sanctions breaches.
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