Guidance

Financial sanctions: guidance

Information on the approach OFSI takes to financial sanctions including sector and regime specific guidance, as well as information on monetary penalties for breaches of financial sanctions.

Documents

Libya guidance

Guidance for the charity sector

Maritime guidance

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Russia guidance

Details

General guidance

The general guidance document includes information regarding:

  • businesses’ obligations to financial sanctions regulations
  • OFSI’s processes for licence applications and breach reports

Monetary penalty guidance

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

Libya guidance

Financial sanctions guidance for the Libya (Sanctions) (EU Exit) Regulations 2020.

Guidance for the charity sector

The 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.

Guidance for the import and export sector

The guidance for the import and export sector helps clarify how financial sanctions differ from trade sanctions, including how to apply for a licence from OFSI and DIT.

Maritime guidance

Financial sanctions guidance for entities and individuals operating within the maritime shipping sector.

Russia guidance

Guidance for the financial and investment restrictions in Russia (Sanctions) (EU Exit) Regulations 2019.

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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 4 January 2021 + show all updates
  1. Updated with Libya guidance

  2. Updated to reflect end of EU Exit transition period

  3. Updated with 'Maritime guidance'

  4. Updated with 'Financial sanctions: general guidance'

  5. Added Russia guidance

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

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

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

  9. Updated to include Charity FAQ

  10. Updated quick guide to fix broken hyperlink

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

  12. Updated to improve clarity of information displayed

  13. Updated monetary penalties PDF – cover picture added

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

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

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

  17. 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.

  18. Updated guidance

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

  20. updated FAQs doc

  21. First published.