WebOct 15, 2024 · This week, the Office of Financial Sanctions Implementation (OFSI) published its annual review for the financial year 2024 to 2024. The most defining change was of … WebDec 16, 2024 · OFSI. OFSI has the power to grant licences exempting certain transactions from the financial restrictions. It considers requests on a case-by-case basis, to make sure there’s no risk of funds being diverted to terrorism. It has also issued general licences that govern certain situations, such as the use of legal aid payments.
OFSI annual review reports busiest year yet in sanctions ... - Passle
WebThe OFSI approach to extraordinary situations is: The situation must be extraordinary in nature (unexpected, unavoidable and not recurring). This ground applies to non-UN … WebThe Regulations also include new licensing grounds for asset freezing, one of which permits OFSI to issue a licence to “enable anything to be done to deal with an extraordinary situation”. OFSI’s draft guidance indicates that this will cover situations that are extraordinary in nature but do not necessarily involve a designated jerma kids
UK financial sanctions: General guidance for financial …
WebThe OFSI approach to extraordinary situations is: The situation must be extraordinary in nature (unexpected, unavoidable and not recurring). This ground applies to non-UN designated persons and enables something to be done to deal with an extraordinary situation. This will include a situation which is extraordinary in nature but does not ... WebOFSI has confirmed that most extant licences will continue to remain valid until expiry. New specific licences issued from 11:00pm on 31 December will be issued only where permitted under UK SIs. This includes some changes to the conditions set out in EU Regulations, including a new derogation for " extraordinary situations WebAug 4, 2024 · extraordinary situations, where considered appropriate (only for non-UN listed persons) humanitarian assistance diplomatic missions You should check whether a … lambang provinsi bali