Guidance

Financial sanctions: guidance, FAQs and information on monetary penalties

Information on the approach OFSI takes to financial sanctions and monetary penalties for breaches in financial sanctions.

Documents

Financial sanctions in the UK: a quick guide

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

The general guidance document includes:

  • information regarding:
    • businesses’ obligations to financial sanctions policy
    • OFSI’s processes for licence applications and breach reports
  • frequently asked questions by specific sector

The guidance on monetary penalties outlines OFSI’s processes for issuing monetary penalties for financial sanctions breaches, including:

  • the case assessment process
  • penalty calculation process
  • procedural rights

The FAQ guidance for the charity sector helps clarify what activity may be permitted under an OFSI licence and how to apply. It also promotes various sources of information and advice available to charities and NGOs

OFSI has also produced a quick guide which provides key information regarding the obligations of businesses and individuals in relation to financial sanctions.

To receive notifications when guidance has been updated, subscribe to our e-alerts. Please be aware that we do not offer legal advice.

If you can’t find the information you need, OFSI’s helpline and email service may be able to help you. Contact details are available on OFSI’s homepage.

Published 29 May 2013
Last updated 19 October 2017 + show all updates
  1. Updated to include Charity FAQ
  2. Updated quick guide to fix broken hyperlink
  3. Updated with the OFSI quick guide on key information regarding the obligations of businesses and individuals in relation to financial sanctions.
  4. Updated to improve clarity of information displayed
  5. Updated monetary penalties PDF – cover picture added
  6. Updated to bring the monetary penalties guidance document together with the general guidance.
  7. Added link to OFSI's guidance on the imposition of monetary penalties.
  8. Guidance updated to reflect the publication of new guidance on the imposition of monetary penalties
  9. New section 4.4 added making clear that OFSI expects all designated persons planning to visit the UK to possess an appropriate licence to support themselves legally while in the country.
  10. Updated guidance
  11. FAQs updated to reflect the latest notice Iran (Nuclear Proliferation): economic and financial sanctions relief under the JCPoA
  12. updated FAQs doc
  13. First published.