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
Updates to this page
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Link added for signing up to the new joint UK sanctions email alert service, provided by the Foreign, Commonwealth & Development Office (FCDO), the Office of Financial Sanctions Implementation (OFSI) and the Office of Trade Sanctions Implementation (OTSI).
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Section 1.2 table updated to include OTSI.
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Section 6.9 General licences updated
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UK financial sanctions general guidance updated
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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.