In December 2017, the UK government published a new anti-corruption strategy. Its stated aim is to strengthen the integrity of the UK financial industry, with the Office of Financial Sanctions Implementation (OFSI) playing a key role by imposing monetary penalties for financial sanctions breaches.
The spotlight has never shone brighter on corruption: with the fall-out of the Panama and Paradise Papers, the intensification of anti-money laundering (AML) efforts to uncover beneficial owners, and the increasing reliance on economic sanctions to project power by the US, EU and allied countries.
