Guidance

OFSI General licence INT/2024/5394840

Details for OFSI General licence - INT/2024/5394840, Correspondent Banking - 2022 Blocked Payments

• From: Office of Financial Sanctions Implementation and HM Treasury
• Published: 7 November 2024
• Last updated: 5 November 2025 — See all updates

Documents

OFSI General licence INT/2024/5394840

PDF, 99.6 KB, 4 pages

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OFSI General licence INT/2024/5394840 Publication Notice

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Details

• OFSI General licence - INT/2024/5394840
• OFSI General licence - INT/2024/5394840 Publication Notice

The General licence allows relevant Institutions to process payments made in the year 2022 from or via a Designated Credit or Financial Institution, provided that the Original Sender and Original Intended Recipient are not Designated Persons.

Published 7 November 2024

Last updated 5 November 2025 + show all updates

1. 5 November 2025

   On 5 November 2025, General Licence INT/2024/5394840 was updated: 1. General Licence INT/2024/5394840 has been extended to 7 November 2027. 2. The definition of Designated Credit or Financial Institution has been amended. 3. The reporting conditions have been amended. Within 14 days of the end of each calendar month, a Relevant Institution must report to HM Treasury any Relevant Payments processed under General Licence INT/2024/5394840 during that calendar month with details and supporting evidence of the amount(s) processed; the name of the Original Sender and the Original Intended Recipient; the name on the account at the final institution in the chain of payments to which the funds were processed; the payment route used; and the date on which the funds were processed.

2. 7 November 2024

   First published.