Emma RadmoreOFSI has hosted an international conference on sanctions to celebrate its 10th anniversary. It showcased its ability to bring together a cross-sector group of partners to whom it could set out its strategy. Panels explored how the UK financial sanctions landscape has evolved and the move to the autonomous UK framework.
An industry panel looked at how firms have invested in building sanctions capability, and the importance of dialogue between government and industry. Other panels explored the importance of international partnerships and how technology will shape the future of sanctions – while noting that there must be accountability for using technology. This also highlighted the increasing interconnectedness between sanctions, AML and fraud.