Events listed in [GOV.UK] UK Government
Haiti Sanctions: guidance
ID 26587
The UK government has published an updated version of its Haiti sanctions guidance relating to sanction measures imposed on Haiti pursuant to the Haiti (Sanctions) Regulations 2022 (SI 2022/1281). With this guidance, the government aims to support firms in their efforts to comply with the instrument and related sanction provisions. The guidance thereby covers numerous issues, ranging from the purpose and scope of the ...
Transparency of land ownership involving trusts consultation
ID 26574
Various UK government agencies, including the Department for Levelling Up, Housing and Communities, the Department for Business and Trade (DBT), HM Treasury, and HM Revenue & Customs (HMRC) have launched a joint consultation on possible measures to improve transparency over real estate holdings by trusts, including REITs. Specifically, the consultation focuses on widening access to trust information held in the Register of Overseas Entities ...
Smarter regulation and the regulatory landscape
ID 26571
The Department for Business and Trade has informed of the extension of its call for evidence on the effectiveness of UK regulation and regulators which was launched in October 2023 and which was about to close on January 7, 2024. The extension applies until January 17, 2024, inclusive. To recall, the call for evidence followed the publication of a position paper in May 2023, ...
Reporting information to OFSI – what to do
ID 26488
The HM Treasury and Office of Financial Sanctions Implementation (OFSI) have published a new version of their UK FINANCIAL SANCTIONS Guidance: Reporting information to OFSI – what to do. This guidance was initially published in 2017 to provide firms with guidance on the reporting to the OFSI as regards suspected (illicit) activities or other actions that mandate such reporting (i.e. transfer from or to ...
Financial sanctions targets: list of all asset freeze targets
ID 26473
Following the publication of new sanction measures, a new consolidated version of the list containing the names of ALL parties currently subject to asset freezing measures in the UK as of December 21, 2023 was published by the Office of Financial Sanctions Implementation of the HM Treasury.
Financial sanctions, Russia
ID 26471
The Office of Financial Sanctions Implementation (OFSI) has published a new Financial Sanctions Notice regarding sanctions measures with respect to persons and entities involved in or supportive of Russia’s action to destabilize Ukraine and threatening the sovereignty and independence of the country pursuant to Statutory Instrument SI 2019/855, the „Russia (Sanctions) (EU Exit) Regulations 2019“. Specifically, the OFSI informs that it has updated its ...
UK financial sanctions guidance
ID 26458
The HM Treasury’s Office of Financial Sanctions Implementation (OFSI) has updated various guidances as regards (financial) sanctions, including the following: 1. the General guidance for financial sanctions under the Sanctions and Anti-Money Laundering Act 2018 which provides basic information on UK’s financial sanction framework and supports firms in their efforts to comply with current rules and regulations in that regard. It covers numerous issues, ...
Russian Oil Services ban
ID 26403
The HM Treasury has published a revised version of its Russian Oil Services Ban industry guidance that was created by the Treasury itself or better its Office of Financial Sanctions Implementation (OFSI) to assist firms in their compliance with implemented sanction measures targeting the Russian Federation. Specifically, the guidance deals with the imposed ban on the import of Russian oil and petroleum (products) and ...
OFSI General Licence – INT/2023/3749168
ID 26402
The UK government has updated its license under the Counter-Terrorism (International Sanctions) (EU Exit) Regulations 2019 (“the CT2 Regulations 2019”) which permits otherwise prohibited (financial) transactions for the purpose of allowing the United Nations and other non-government organisations to provide humanitarian aid in connection with the Israel-Palestinian conflict. Specifically, the license permits the processing of any funds or other economic resources whenever nec ...
Financial sanctions, Iran
ID 26344
The Office of Financial Sanctions Implementation of the HM Treasury, OFSI, has published a new Financial Sanctions Notice regarding sanctions measures with respect to persons and entities that are engaged in or supportive of human rights abuses or other hostile activities against the UK and other countries in Iran pursuant to Statutory Instrument SI 2023/1314, the new „Iran (Sanctions) Regulations 2023“. Specifically, the Office ...