The Directors of the UK Office of Financial Sanctions Implementation (OFSI) and the US Office of Foreign Assets Control (OFAC), Giles Thomson and Andrea Gacki, have announced, via a joint press statement1, the details of the conclusion of a ‘multi-day technical exchange’ and an enhanced OFSI and OFAC partnership.

They noted that the partnership is “incredibly potent” and would further build on the aims of the US Department of the Treasury’s 2021 Sanctions Review, and support OFSI’s move to “a larger and more proactive organization.”

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