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Description of HMT’s General Licenses for terror programs

The new page has nice, short descriptions of the 5 General Licenses. Rather than rephrase them…

Provision of insurance policies to designated persons

This licence allows insurers (including a broker, underwriter or intermediary) to issue an insurance policy of any description to a designated person. Insurers are required to report the issuance of any such policy to HM Treasury without delay at financialsanctions@hmtreasury.gsi.gov.uk, providing details and the identity of the designated person to whom it has been issued.

The licence does not permit any payment of funds under such policies to the designated person, for which an individual licence would be required.

This licence only applies in respect of persons designated under the Terrorism and Terrorist Financing regime (under UNSCR 1373) since the provision of financial services, such as insurance policies, is only prohibited under this regime and is not prohibited under the Al-Qaida regime.

Provision of goods and payments for amenities and services in respect of valid insurance claims for a temporary period

This licence allows insurers, on a temporary and immediate basis in respect of a valid insurance claim, to make certain goods (for example, courtesy cars) available to a designated person, or to make payments to providers of certain amenities and services (for example, providers of emergency hotel accommodation) for the designated person’s benefit.

An insurer must report to the Treasury atfinancialsanctions@hmtreasury.gsi.gov.uk the details of any such goods or payments as soon as practical after becoming aware of the provision or payment.

The licence does not permit the insurer to make any funds available to the designated person, for which an individual licence would be required.

This licence permits the Legal Services Commission (LSC) to make payments to solicitors representing a designated person where the LSC has assessed that the individual is eligible for legal aid, and for those funds to be applied by the solicitors to meet the legal costs incurred in the course of advising and representing the designated person.

This licence also permits solicitors to deal with Legal Aid from the General Court of the European Union (GCEU) where the GCEU has assessed that the designated person is eligible for European Legal Aid, and for those funds to be applied by the solicitors to meet the legal costs incurred in the course of advising and representing the designated person.

No funds may be made directly available to a designated person under this licence.

This licence allows third parties to pay the legal expenses of a designated person by making payments to solicitors representing them. No funds may be made available to a designated person themselves.

The licence includes a requirement on solicitors receiving funds for the purpose of representing a designated person to report the fact of receipt of such funds (but not the amount) to the Treasury atfinancialsanctions@hmtreasury.gsi.gov.uk.

Funds of designated persons who are in, or due to be released from, prison

This licence allows funds to be sent to the prison accounts of designated persons, to be held by prison governors, and managed in accordance with normal prison rules.

The licence also makes provision for suitable arrangements to be put in place where a designated person is released from custody.

Categories: Licenses OFSI Updates Sanctions Regulations Terrorism

eric9to5

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