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OFSI issues Frozen Assets Reporting notice

Frozen assets reporting 2020

Every year HM Treasury carries out a review of frozen assets to update its records and to capture any changes during the reporting period. 

If you hold or control funds or economic resources belonging to, owned, held, or controlled by a designated person you are required to submit a report to OFSI by Friday 16 October 2020.

Your report should include details of all funds or economic resources frozen in the UK as well as those overseas, where these funds or economic resources are subject to UK financial sanctions legislation. Your report to OFSI should include the value of all such assets as of close of business on Wednesday 30 September 2020

All returns need to be made, in the form of a completed template from the GOV.UK website, to ofsi@hmtreasury.gov.uk

A fuller notice is attached below.

Link:

OFSI Notice

Categories: Frozen Assets Reporting OFSI Updates Regulatory Filing

eric9to5

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