The UK’s Office of Financial Sanctions Implementation (OFSI) has issued guidance for entities operating within the country’s maritime sector.

The guidance highlights a number of illicit and suspicious shipping practices that are deployed to evade sanctions, emphasises the importance of adopting due diligence and compliance measures and provides details of the financial sanctions imposed by the EU and the UN against North Korea, Iran, Libya and Syria. It concludes by outlining OFSI’s enforcement powers in the UK.

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