Guidance

Financial sanctions guidance

Guidance and webinars to help you understand how to comply with UK financial sanctions.

Documents

UK financial sanctions guidance

Details

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Published 29 May 2013
Last updated 13 February 2024 + show all updates
  1. In line with our commitment to providing clear and accessible guidance, following our communications about updating our guidance products, this page has been replaced by a new version.

  2. Details published regarding upcoming webinars from OFSI.

  3. General Guidance Document updated. Monetary Penalty and Enforcement Guidance Document updated. Russia Guidance Document updated.

  4. Ownership and Control: Public Officials and Control guidance added.

  5. Understanding OFSI: An Introductory Webinar registration link added.

  6. FAQ updated to reference new General Licence INT/2023/3566356

  7. OFSI has updated Section 10 of its Enforcement and Monetary Penalty Guidance to provide further details on how it assesses the severity of breaches. 

  8. OFSI has added information on the webinars and events it runs to support compliance with financial sanctions regulations.

  9. The Financial Sanctions General Guidance has been updated with an amendment to Section 6.12

  10. The General Guidance document has been updated to include changes to Sections 6.9 and 6.11 in relation to the licence application process.

  11. Added Travel Guidance

  12. Added High Value Dealer Guidance

  13. Updated Russia guidance - Trust Services sanctions

  14. Updated Enforcement and Monetary Penalties guidance (O&C)

  15. Updated Charity Sector guidance (UNSC Exemption)

  16. Updated with Ransomware guidance

  17. Russia guidance Updated - Trust Services

  18. Added Russian Oil Services ban and Price Cap

  19. Added 'UK Maritime Services Prohibition and Oil Price Cap Guidance'

  20. Updated Libya guidance

  21. Russia guidance updated with questions 24 to 26

  22. August 2022 General Guidance (expansion of sanctions reporting obligations)

  23. Updated OFSI General Guidance

  24. Updated with Russia guidance, July 2022

  25. Added OFSI enforcement guidance June 2022

  26. Updated Russia guidance to extend prohibitions to non-government controlled Ukrainian territory

  27. Updated with latest version of 'Financial sanctions: general guidance'.

  28. Updated Russia guidance.

  29. Updates to 'Monetary penalties for breaches of financial sanctions: guidance' and 'Guidance for the charity sector'.

  30. Updated "Guidance for the charity sector".

  31. Updated Russia guidance

  32. Updated with April 2021 version of Monetary Penalty guidance

  33. Updated with Libya guidance

  34. Updated to reflect end of EU Exit transition period

  35. Updated with 'Maritime guidance'

  36. Updated with 'Financial sanctions: general guidance'

  37. Added Russia guidance

  38. Updated with latest version of 'Monetary penalties for breaches of financial sanctions: guidance'

  39. Updated with FAQ guidance for the import and export sector

  40. Updated sections 3.4.1 and 3.4.2 in 'Financial sanctions: general guidance'

  41. Updated to include Charity FAQ

  42. Updated quick guide to fix broken hyperlink

  43. Updated with the OFSI quick guide on key information regarding the obligations of businesses and individuals in relation to financial sanctions.

  44. Updated to improve clarity of information displayed

  45. Updated monetary penalties PDF – cover picture added

  46. Updated to bring the monetary penalties guidance document together with the general guidance.

  47. Added link to OFSI's guidance on the imposition of monetary penalties.

  48. Guidance updated to reflect the publication of new guidance on the imposition of monetary penalties

  49. 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.

  50. Updated guidance

  51. FAQs updated to reflect the latest notice Iran (Nuclear Proliferation): economic and financial sanctions relief under the JCPoA

  52. updated FAQs doc

  53. First published.