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<p>The Office of Financial Sanctions Implementation (OFSI) is the authority responsible
for implementing and enforcing the UK’s financial sanctions on behalf of HM Treasury.</p><p>
</p><p>On 14 December 2023, the UK announced a new sanctions regime that gives the
UK extensive new powers to disrupt and deter Iran’s hostile activities in the UK and
around the world. This has been developed to respond to unprecedented threats from
the Iranian regime, including efforts to undermine peace and security across the Middle
East and plots to kill individuals on UK soil. Overall, the UK has designated over
400 Iranian individuals and entities including in relation to Iran’s destabilising
regional activity, human rights abuses, and nuclear proliferation.</p><p> </p><p>OFSI
assesses every instance of reported non-compliance and will act in all cases where
we conclude a breach has occurred. OFSI does not comment on specific cases.</p><p>
</p><p>Non-compliance with UK sanctions is a serious offence and punishable through
disclosures, large financial penalties, or criminal prosecution. Departments from
across HMG including FCDO, HMT, OFSI, HMRC, HO, and the NCA, are working together,
and with UK companies, to ensure that sanctions are enforced.</p>
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