Guidance

Licences that allow activity prohibited by UK financial sanctions

Any person or organisation involved in a transaction with those subject to financial sanctions under the Sanctions and Anti-Money Laundering Act 2018 will first need a licence from OFSI.

• From: HM Treasury and Office of Financial Sanctions Implementation
• Published: 6 July 2020

This publication was withdrawn on 4 January 2021

This page was a temporary page issued during the transition period. Please use the Licences that allow activity prohibited by financial sanctions page instead.

Documents

Licences that allow activity prohibited by financial sanctions

https://www.gov.uk/guidance/licences-that-allow-activity-prohibited-by-financial-sanctions

Details

Where a transaction involves a person or entity who is subject to financial sanctions (whether directly or indirectly), you must obtain a licence to allow the activity to take place without breaching financial sanctions. You should not assume that a licence will be granted or engage in any activities prohibited by financial sanctions until you have a licence signed by OFSI.

Published 6 July 2020