Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the Office of Financial Sanctions Implementation’s Annual Review, April 2021 to August 2022, how many warning letters have been sent by the OFSI since Russia’s invasion of Ukraine on 24 February 2022.

The Office of Financial Sanctions Implementation (OFSI) does not hold complete data on ‘warning letters’ as a sub-category of case closures since the invasion of Ukraine on 24 February 2022. However, OFSI has recorded case closures where it has been acknowledged that no breach occurred, where warnings or advice have been given, and where stakeholders have been put on notice to improve compliance. As of September, 33 case closure letters had been issued in 2022.