OFSI publishes its first Financial Sanctions FAQs
On 1 May 2024, OFSI has published its first UK Financial Sanctions FAQs. The publication was welcomed by sanctions professionals as it provides some guidance on OFSI approach to sanctions and their view on various sanctions related concepts, including licencing, ownership and control, financial payments. Similar guidance have already been implemented in the USA (OFAC FAQ) and EU (consolidated guidance) The publication of FAQs […]
Read More