OFSI releases new video series on ‘Financial Sanctions: The Basics’ to boost understanding of UK sanctions, covering OFSI’s role, guidance, consolidated sanctions lists, reporting duties, and licensing

The series covers key areas including the function of OFSI, available guidance to support compliance, the consolidated list of designated persons maintained in collaboration with the FCDO, and procedures for reporting suspected sanctions breaches. It also introduces the use and operation of general licences, helping individuals and businesses understand when and how these may apply…