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Guidance

Financial sanctions enforcement: assessment and monetary penalties

Guidance on UK financial sanctions in relation to enforcement, case assessments and monetary penalties.

Updates to this page

From:
Office of Financial Sanctions Implementation
Published:
12 February 2024
Last updated:
9 February 2026
Show all updates

  1. Guidance has been updated to reflect the outcome of the Government's 2025 consultation on Improving civil enforcement processes for financial sanctions.

  2. Financial sanctions enforcement and monetary penalties guidance updated

  3. Guidance amended to include reference for inclusion of monetary penalties for financial sanctions breaches requirements in 56C of The Republic of Belarus Regulations.

  4. This update communicates that OFSI will now always apply the most recent iteration of its Enforcement guidance to cases. Chapter 3 of the guidance, which covers case assessment, gives details on the change. Other updates are also primarily to Chapter 3. The guidance now better explains how we apply and split the ‘case factors’ that OFSI uses to assess suspected breaches of financial sanctions. It introduces two new distinct case factors, “Knowledge, intention and reasonable cause to suspect” and “Cooperation” that were previously included more generally in the guidance. Chapter 6 also includes a small edit to the delegation of ministerial reviews of monetary penalties.

  5. First published.

Documents

Financial sanctions enforcement and monetary penalties guidance

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Details

Guidance for UK financial sanctions in relation to enforcement and monetary penalties covering:

  • OFSI’s compliance and enforcement approach
  • Case assessment
  • The monetary penalty process
  • Procedure for imposing a monetary penalty
  • The right of review
  • Right of appeal
  • Paying a monetary penalty
  • Publication of monetary penalty and breach details
  • Publication of breaches where no monetary penalty is imposed

Previous versions of this guidance

You can access previous versions of this guidance from the National Archives:  

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