by AdrianaAMLP | Jul 7, 2024
50 new sanctions designations and specifications announces, in co-ordinated action with G7 partners to support Ukraine. New targets include ships in Putin’s shadow fleet, institutions at the heart of Russia’s financial system and suppliers supporting Russia’s military...
by AdrianaAMLP | Jun 24, 2024
The Guidance provides financial sanctions guidance for entities and individuals which operate, or interact with, charities and non-governmental organisations, especially those who are involved in work that may include activity with those subject to UK financial...
by Jyotsna Bucktowar | Jun 20, 2024
The Permitted payments include: any payment a person is required to make to the FCA (except for fees for applications for listings or authorisation (or variations of authorisations) from the FCA relating to activities falling within the function of the FCA); payments...
by Jyotsna Bucktowar | Jun 20, 2024
This guidance outlines obligations under the UK Maritime Services Ban and Oil Price Cap exception, as well as OFSI’s approach to implementation and enforcement. This should be considered supplementary to, and not a replacement for, OFSI’s general guidance. Further...
by Jyotsna Bucktowar | Jun 6, 2024
OFSI issued General License on May 28, 2024 allowing individuals to use retail banking services for personal use, with a maximum payment value of £50,000 and expiring on May 27, 2026. Relevant Institutions processing payments under General License must report payment...
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