Guidance

Financial sanctions general guidance

General guidance for UK financial sanctions

From:
Office of Financial Sanctions Implementation
Published
13 February 2024
Last updated
15 May 2024 — See all updates

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UK financial sanctions general guidance

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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 15 May 2024 + show all updates

  1. 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.

  2. Definitions for extraordinary situations and extraordinary expenses in OFSI’s approach to licensing grounds section amended.

  3. First published.