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Financial Sanctions

An Update to our Licensing Process: Returning Incomplete Applications

Posted by: , Posted on: - Categories: Financial Sanctions, Implementation, Licensing

In response to the illegal invasion of Ukraine, the UK introduced the largest and most severe package of economic sanctions that Russia has ever faced. As a result, the Office of Financial Sanctions Implementation (OFSI) continues to experience unprecedented high …

Trust Services Sanctions – 5 months on

Posted by: , Posted on: - Categories: Compliance, Enforcement, Financial Sanctions, Licensing, Russia, Uncategorized

The trust services sanctions came into effect on 16 December 2022. These are financial sanctions, for which the Office of Financial Sanctions Implementation (OFSI) is responsible, while the Department for Business and Trade is responsible for professional and business services …