The Office of Financial Sanctions Implementation of the HM Treasury has again extended its General License (INT/2022/2300292)** under various sanction regulations (please refer to the list of regulations in the Annex of the license). The license permits
– designated persons (DPs) or persons acting on their behalf to make payments from frozen UK bank accounts to energy companies in UK or receive overpaid funds on frozen UK bank accounts;
– energy companies to receive such payments or make return payments for overpaid funds;
– financial institutions to process any such fund transfers.
Please note that the license does NOT apply to persons sanctioned by the United Nations (UN). Also note that the license applies to nearly all sanction regulations (Annex) and is no longer time limited.
Other Features
asset freezing
banks
companies
fees
notifications
payment services
sanctions
Date Published: 2023-10-13
Regulatory Framework: UK Sanctions
Regulatory Type: procedure
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