Events listed in [GOV.UK] UK Government
Financial sanctions targets: list of all asset freeze targets
ID 26338
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 18, 2023 was published by the Office of Financial Sanctions Implementation of the HM Treasury.
Financial sanctions, Russia
ID 26336
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 ...
Financial sanctions, Russia
ID 26310
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 ...
Russia sanctions: guidance
ID 26298
Several UK government agencies, including the Office of Financial Sanctions Implementation (OFSI), have published a revised version of their Russia sanctions guidance. With this guidance, the agencies aim to support firms in their efforts to comply with diverse Russia sanction regulations, which have been issued especially since the invasion of Ukrainian territory. The guidance thereby covers issues such as: (1) the purpose and scope ...
Financial sanctions targets: list of all asset freeze targets
ID 26294
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 15, 2023 was published by the Office of Financial Sanctions Implementation of the HM Treasury.
OFSI General Licence INT/2023/3626884
ID 26290
On October 19, 2023, the HM Treasury’s Office of Financial Sanctions Implementation (OFSI) published a Publication Notice to inform that is has made various changes to its General Licence INT/2023/3626884 which permits financial institutions and payment service providers to – process payments of UK sanctioned individuals (DPs) or payments made by another person on behalf of such DP for the purpose of making payments ...
VAT treatment of fund management: consultation
ID 26285
The HM Treasury and the HM Revenue & Customs have published a joint consultation conclusion as regards the tax treatment of investment funds for purposes of „replacing“ the retained Directive 2006/112/EC (UK VAT Tax Directive) as further described below. The conclusion follows a corresponding consultation launched in December 2022. ##### Background In the above noted consultation, the two government agencies sought views on the ...
OFSI Annual Reviews
ID 26263
The Office of Financial Sanctions Implementation (OFSI) has published its Annual Review 2022-23 which provides a comprehensive overview of the significant developments and achievements in the use of financial sanctions at both global and UK levels during 2022/2023 – which the review titles „a historic and transformative period“. The review underscores the critical role of financial sanctions in addressing threats to UK and global ...
OFSI General licence – INT/2023/4078352
ID 26262
The Office of Financial Sanctions Implementation of the HM Treasury has issued a new General License (INT/2023/4078352) under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019 (SI 2019/855) to permit the processing of certain payments related to designated persons that would otherwise be prohibited by the noted regulations. Specifically, the license permits – UK financial institutions to process payments from or via ...
Financial sanctions, Iran
ID 26259
Following the implementation of the new Iran (Sanctions) Regulations 2023 which repeal Statutory Instrument SI 2019/134, the „Iran (Sanctions) (Human Rights) (EU Exit) Regulations 2019“, in its entirety to create a new sanctions framework for human rights violations and any „hostile activity against the United Kingdom and other countries“ undertaken by Iran (EventID 24209), the Office of Financial Sanctions Implementation of the HM Treasury, ...