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OFSI posts 2022 Frozen Assets Reporting Notice

Frozen Assets Reporting 2022

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

Since the 23:00 on 31 December 2020, all sanctions regimes have been implemented through UK regulations, with the majority of UK financial sanctions regimes implemented through the Sanctions and Anti Money Laundering Act 2018 (the Sanctions Act). 

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 OFSIby Friday 11 November 2022

Your report must 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 must include the value of all such assets as of close of business on Friday 30 September 2022.  

Please note that the current value of frozen assets previously reported to OFSI must be included in the frozen asset report.  

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

And here is the notice (can you believe it took me almost a decade of posting to figure out a nice way to present this, in addition to giving you the link?):

Link:

OFSI Frozen Assets Reporting Notice

Categories: Frozen Assets Reporting OFSI Updates Regulatory Filing

eric9to5

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