HM Treasury has published the Office of Financial Sanctions Implementation (OFSI) Strategy 2026-29, setting out how it plans to ensure UK financial sanctions remain effective, resilient and impactful as circumvention threats evolve and sanctions are used more widely. The strategy is organised around four pillars, Promote, Enable, Respond and Change, and targets three outcomes: better data-led understanding of threats, higher-quality licensing and enforcement with targeted compliance support, and stronger partnerships with industry, government and international counterparts. The strategy signals further investment in modern, digital and data-driven tools, including AI-enabled workflows, and sets key performance indicators including quarterly joint or co-branded public outputs with international partners, completion of 50% of closed licensing cases within six months, and submission of 90% of new enforcement investigations for decision within 18 months of commencement. It also frames enforcement around a fuller toolkit including settlements, fixed monetary penalties, reporting requirements, referrals, counter-terrorism designations and preventative actions, alongside an ambition to increase intelligence-originated case outcomes in financial years 2027/28 and 2028/29. OFSI plans to track delivery through KPI reporting in its Annual Reviews, with regular updates to Parliament, and continued publication of guidance, FAQs, blogs and enforcement communications alongside ongoing engagement with firms and other regulators.

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