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Sanctions enforcement boosted as MOU between OFSI and OFAC strengthens information sharing

Sanctions checkpoint
Lithuanian border guards check documentation. Photo: Sean Gallup/Getty Images

Kevin Nordin | Ropes & Gray, Emerson Siegle | Ropes & Gray, Ariel Leung | Ropes & Gray, Connor Stevens | Ropes & Gray+2

2 min read
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The MOU aims to facilitate the exchange of information between UK and US authorities.

On January 13, 2025, the UK’s Office of Financial Sanctions Implementation (OFSI) and US Department of the Treasury’s Office of Foreign Assets Control (OFAC) published a memorandum of understanding (the MOU). 

Although only just released, the MOU was signed in October 2024, with the aim of facilitating the exchange

Information 

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