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
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.
Last updated 4 January 2021 + show all updates
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Updated with Libya guidance
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Updated to reflect end of EU Exit transition period
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Updated with 'Maritime guidance'
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Updated with 'Financial sanctions: general guidance'
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Added Russia guidance
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Updated with latest version of 'Monetary penalties for breaches of financial sanctions: guidance'
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Updated with FAQ guidance for the import and export sector
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Updated sections 3.4.1 and 3.4.2 in 'Financial sanctions: general guidance'
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Updated to include Charity FAQ
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Updated quick guide to fix broken hyperlink
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Updated with the OFSI quick guide on key information regarding the obligations of businesses and individuals in relation to financial sanctions.
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Updated to improve clarity of information displayed
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Updated monetary penalties PDF – cover picture added
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Updated to bring the monetary penalties guidance document together with the general guidance.
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Added link to OFSI's guidance on the imposition of monetary penalties.
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Guidance updated to reflect the publication of new guidance on the imposition of monetary penalties
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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.
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Updated guidance
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FAQs updated to reflect the latest notice Iran (Nuclear Proliferation): economic and financial sanctions relief under the JCPoA
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updated FAQs doc
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First published.