An article by Christopher David and David Horn, published by The Times.

Excerpt: Among all the talk of a new living wage and inheritance tax thresholds, George Osborne’s summer 2015 budget included a quiet announcement about the creation of a new government department within HM Treasury, the Office of Financial Sanctions Implementation (OFSI). Osborne later said that OFSI “will be a centre of excellence for financial sanctions, raising awareness and providing clear guidance to promote compliance with financial sanctions . . . and working closely with other parts of government to ensure that sanctions breaches are rapidly detected and effectively addressed”. What does this actually mean and what are the potential implications for British businesses? Read the full article.