Sanctions

On 2 September 2025, the Home Office published its outcomes progress report on the Economic Crime Plan 2 (ECP2), which was published in March 2023 and set out how public and private sectors would cut economic crime, protect national security and support the UK’s economic growth. The report provides a summary of key…

On 21 July 2025, HM Treasury published a report which outlines the Office of Financial Sanctions Implementation’s (OFSI) assessment of threats to sanctions compliance involving UK cryptoasset firms since January 2022. Among other things the report notes that it is almost certain that UK cryptoasset firms have under-reported suspected breaches of financial sanctions…