All terms

Regulatory bodiesofsi

OFSI

The UK's Office of Financial Sanctions Implementation; administers and enforces UK financial sanctions.

OFSI (Office of Financial Sanctions Implementation), part of HM Treasury, administers and enforces the UK's financial sanctions regime (the UK sanctions list, formerly the HMT consolidated list). A counterparty screen for UK-nexus trade must cover the OFSI/HMT list alongside OFAC, UN, and EU lists. OilFlow's screening covers the UK HMT list among its seven sanctions sources.

Related: OFAC, UN sanctions.

Frequently asked

What does OFSI mean in oil and commodity trading?
The UK's Office of Financial Sanctions Implementation; administers and enforces UK financial sanctions.
How do I check a counterparty that uses OFSI in a deal?
The term itself is not enough to clear or condemn a deal. What matters is the counterparty behind the pitch. Screen that name for free against 8 sanctions lists plus PEP and OilFlow's first-party cluster corpus in seconds, or order the full 7-step dossier for $25, and confirm identity documents and banking details independently before you transact.

See also

ofacun-sanctions

Seen this term in a live pitch?

These terms show up in real deal pitches — some legitimate, some not. OilFlow screens the counterparty behind the pitch against 8 sanctions lists + PEP and a first-party-investigated fraud-cluster corpus, with a clearance verdict in under 30 seconds.