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 …
OFSI has received unprecedented numbers of licence applications to permit prohibited transactions or activities owing to more sweeping and far-reaching sanctions imposed relating to Russia and Belarus. Many of these applications involve UK persons who are owed money by Russian …
The Legal Services General Licence (INT/2022/2252300) expired on 28 April 2023 and is no longer valid. All reported use of General Licence INT/2022/2252300 should be sent to OFSI by 5 May 2023. OFSI has reviewed the reported use of …
How many financial sanctions regimes does the UK implement? How much money do UK institutions hold in frozen funds? Find out in OFSI's first Annual Review
How do we ensure people know what financial sanctions are and how to comply? Read about OFSI's approach to engagement and enforcement
Head of OFSI Rena Lalgie looks at why financial sanctions are important, how we implement them, and what we're focusing on in the coming year.