OFSI launches call for evidence on how UK sanctions regulations on ownership and control are applied in practice aiming to ensure the regime is clear, effective, and workable – deadline 13 Apr 2026

The call for evidence invites firms and stakeholders to provide practical insights on how the ownership and control test is applied, including challenges in assessing “control”, the prevalence of hypothetical control scenarios and the impact on compliance costs, legal risk and business decisions. It aims to inform potential reforms to ensure the test remains effective in preventing sanctions circumvention while improving clarity, consistency and proportionality in how entities owned or controlled by designated persons are identified and treated…