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An update on OFSI's licensing process and policies

Posted by: OFSI, Posted on: 27 February 2024 - Categories: OFSI Blog

  This blog provides further information on how the Office of Financial Sanctions Implementation (OFSI) makes licensing decisions. We outline both the process involved in obtaining a licence, from submitting an application to (if the licence is granted) receiving a …

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OFSI successfully defends first Court Review

Posted by: OFSI, Posted on: 28 November 2023 - Categories: OFSI Blog

On 26 October 2023, the High Court of Justice, Administrative Court, delivered its judgment rejecting a legal challenge by Mikhail Fridman against OFSI’s decision to refuse to grant certain licence requests. OFSI has been at the front and centre of …

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An Update to our Licensing Process: Returning Incomplete Applications

Posted by: OFSI, Posted on: 12 July 2023 - Categories: OFSI Blog

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 …

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Prior Obligations General Licence

Posted by: OFSI, Posted on: 24 May 2023 - Categories: OFSI Blog

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 …

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New Legal Services General Licence

Posted by: OFSI, Posted on: 2 May 2023 - Categories: OFSI Blog

  The Legal Services General Licence (INT/2022/2252300) expired on 28 April 2023 and is no longer valid.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 …

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Legal Fees General Licence

Posted by: OFSI, Posted on: 28 October 2022 - Categories: OFSI Blog

The UK has introduced the largest and most severe package of economic sanctions that Russia has ever faced. The UK government, along with international allies, is working strenuously to reduce Putin’s ability to wage war. As part of this package, …

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OFSI issues Humanitarian Activity General Licence under Russia sanctions regime

Posted by: OFSI, Posted on: 7 July 2022 - Categories: OFSI Blog

OFSI has issued a General Licence to allow the delivery of humanitarian assistance in Ukraine

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Reasonableness in licensing

Posted by: OFSI, Posted on: 30 June 2021 - Categories: OFSI Blog

What does "reasonableness" mean in licensing applications? Find out what to consider when applying for a licence from OFSI

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Introduction to licensing

Posted by: OFSI, Posted on: 19 April 2021 - Categories: OFSI Blog
blocks spelling out the word Licence on a grey background

Find out more about financial sanctions licences, including what licences allow and top tips for applying for a licence from OFSI

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About OFSI

OFSI helps ensure financial sanctions are properly understood, implemented and enforced in the United Kingdom. This includes the Oil Price Cap on Russian oil.

OFSI is part of HM Treasury.

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Recent Posts

  • Svarog Penalty: A Lesson in Information Offences  May 8, 2025
  • HSF Moscow Penalty: Key Lessons for Industry  April 4, 2025
  • Strengthening Global Sanctions: Two Years of Enhanced Partnership November 19, 2024

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