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New OFSI General Licence (falls under Russia & Global Anti-Corruption programs)

OFSI General Licence – GAC and Russia

OFSI has issued General Licence INT/2022/1679676 under Regulation 21 of the Global Anti-Corruption Sanctions Regulations 2021 and Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019

Under General Licence INT/2022/1679676, subject to the conditions set out in that licence, an officer of a Non-Crown Relevant Organisation is permitted to carry out their duties including through making use of powers available to them under UK legislation or common law for Asset Recovery Purposes.

This General Licence takes effect from 27 April 2022 and is of indefinite duration. It may be varied, revoked, or suspended by HM Treasury at any time.

Links:

General Licence INT/2022/1679676 – Publication Notice, General Licence

Categories: Anti-Corruption Corruption Sanctions Licenses OFSI Updates Russia sanctions

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