Sanctions and Anti-money Laundering Act 2018
(asked on 28th February 2022) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will set out the (a) number of civil servants and (b) budget devoted to (i) developing targets of individuals and companies for sanctions under the Sanctions and Anti-Money Laundering Act 2018, (ii) designating individuals and companies under that Act, and (iii) implementing enforcement and global application of designations made under that Act in (A) each of the last three years and (B) as at 28 February 2022.
The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, is the competent authority for financial sanctions in the UK. The staff in post in OFSI was 37.8 FTE as at 31 March 2021. This information can be found in HM Treasury’s Outcome Delivery Plan 2021 to 2022, available at:
The number of staff has since increased and is now increasing again, in light of recent developments in Ukraine. Releasing further details of OFSI’s budget and headcount by function could prejudice its operational effectiveness.
Sanctions policy, and the making of designations, is an FCDO competence.