UK Resources
OFSI publishes Annual Review: 2020 to 2021 Every year OFSI publishes its annual review which gives an overview of OFSI’s operational work in the financial year, providing key statistics from the different areas of financial sanctions. This review includes sections on: UK and EU financial sanctions regimes frozen assets review […]
Reminder: Frozen Assets Reporting 2021 OFSI is conducting its annual frozen assets review. 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 HM Treasury’s OFSI by Friday 15 October 2021. Your report must include details of […]
Hello exporter, The Export Control Joint Unit (ECJU) has published an updated list of training events for strategic export controls. These events cater for: companies of all sizes, from the sole trader to multinationals a wide range of knowledge levels different learning paths Attached you will find the training booklet […]
The UK has imposed a package of trade, financial, and aviation sanctions on Belarus, in response to the continued undermining of democracy and human rights violations by the Lukashenko regime. These measures coincided with the anniversary of the fraudulent election in Belarus, coincided with the US and Canada’s announcement of their own packages […]
Dear Exporter, Register for: Technology, Software and Strategic Export Controls 2021 – Do I need an export licence? This free 1 hour webinar on 10th August 2021 at 15:00 (BST) is for exporters of military or dual use technology and software. The webinar will provide guidance on the UK’s licensing requirements, including exports of […]
Reminder – Webinar: How to report to OFSI This is a reminder that OFSI is hosting a webinar on the reporting requirements that accompany a licence. The webinar will provide information on reporting best practice and what common mistakes to avoid when reporting against an OFSI licence. The webinar will be on […]
UK sanctions policy and compliance after the transition period As part of the changes to the UK’s sanctions framework, existing EU sanctions regimes are being transitioned into UK law through regulations made under the Sanctions and Anti-Money Laundering Act 2018. EU sanctions will no longer apply in the UK from 11pm […]
I was working on a new episode for the podcast, and I wanted to reference the Independent Reviewer’s quarterly report regarding the operation of the Terrorist Asset Freezing etc Act 2010 (TAFA). When I went to the latest one, though, it was just a 2-page statement and summary figures – […]
There’s much more in this document, but I thought I’d highlight Section 6 (“good practice tips): Always identify as clearly as possible the suspected benefit from criminal conduct (the ‘criminal property’) including, where possible, the amount of benefit identify the reason(s) for suspecting that property is criminal property […]
The UK National Crime Agency’s “Money laundering and illicit finance” page has a list of record publications, including a guidance document on making better Suspicious Activity Reports (SARs), and multiple documents of red flags indicating possible human trafficking or slavery in various professions. But, in May, they published the 5th […]
