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OFSI Blog post on Prior Obligations General Licence

Prior Obligations General Licence Posted by: OFSI, Posted on: 24 May 2023 – Categories: Compliance, Enforcement, Financial Sanctions, Financial sanctions regime, Russia OFSI has received unprecedented numbers of licence applications to permit prohibited transactions or activities owing to more sweeping and far-reaching sanctions imposed relating to Russia and Belarus. Many of these applications involve UK persons who are owed money […]

OFSI blog post about new Legal Services General Licence

New Legal Services General Licence Posted by: OFSI, Posted on: 2 May 2023 – Categories: Compliance, Financial Sanctions, Licensing, Russia The Legal Services General Licence (INT/2022/2252300) expired on 28 April 2023 and is no longer valid. All reported use of General Licence INT/2022/2252300 should be sent to OFSI by 5 May 2023. OFSI has reviewed the reported use of this licence […]

March 21, 2023: OFSI adds trust services sanctions to Russia program

Russia: Trust services sanctions All persons designated under the Russia financial sanctions regime have been designated for the purpose of trust services sanctions.  On 21 March 2023 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act.  All persons […]


OFSI re-sent the Legal Fees General Licence email, which now has a corrected blog post link. They didn’t send a link to the General Licence page, but they did send a link to the actual General Licence (the General Licence page is still not updated – I just checked): Link: […]

October 17, 2022: OFAC-OFSI Enhanced Partnership

OFAC-OFSI Enhanced Partnership Posted by: OFSI, Posted on: 17 October 2022 – Categories: Financial sanctions, Implementation, OFAC, UK As Directors of two of the world’s leading financial sanctions implementation authorities, we are committed to our close working relationship. As a testament to this ongoing commitment, on Thursday, 13 October, OFAC and OFSI concluded a multi-day technical exchange in London […]