The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, is the authority responsible for the implementation of financial sanctions in the UK, and for improving the understanding, implementation, and enforcement of financial sanctions in the UK. OFSI undertakes regular engagement with a variety of different industry sectors to ensure that financial sanctions are properly understood and implemented. It also provides a variety of sanctions guidance available online to support stakeholders, and keeps this regularly under review to respond to changes in policy and national security risk. OFSI published guidance to support compliance with the Russia sanctions regime earlier this year, and guidance regarding its enforcement and monetary penalties approach following the passing of the Economic Crime (Transparency and Enforcement) Act 2022.