Guidance
Financial sanctions general guidance
General guidance for UK financial sanctions
Documents
Details
General guidance for UK financial sanctions covering:
- Overview of financial sanctions
- Scope of financial sanctions
- Financial sanctions restrictions
- Ownership and control
- Reporting obligations
- Exceptions and licensing
- Compliance and enforcement
- Challenging designations
Published 13 February 2024
Last updated 16 May 2024 + show all updates
Last updated 16 May 2024 + show all updates
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Guidance amended to include reference for inclusion of designated persons subject to the reporting requirements in Regulation 38A of the Belarus Regulations and monetary penalties for breaches of reporting obligations.
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A correction has been made in relation to section 4.1 Ownership and control. Specifically, text in the second example has been corrected to reflect the exercise of control between Person A and Person B.
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Definitions for extraordinary situations and extraordinary expenses in OFSI’s approach to licensing grounds section amended.
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First published.