WebMay 22, 2024 · Notifying us that you, a provider of professional services, have been approached by someone you suspect is a designated person (or someone working on …
Introduction to licensing - OFSI
WebNov 28, 2024 · Where OFSI asks for information (for example in relation to a licence application) that would rightly be subject to LPP and that privilege has not been waived, … The compliance reporting form provides details on what information is required for each section. Please email this form, including any associated documents, to [email protected]. You should include “Suspected breach”, “Suspected designated person” or “Frozen assets” in the subject line of your … See more A designated person is an individual, entity or ship, listed under UK legislation as being subject to sanctions. The list of designated persons subject to an asset … See more Financial sanctions legislation requires that all funds or economic resources belonging to, owned, held or controlled by a designated person must be frozen. … See more If you do something which is prohibited by financial sanctions you will have breached financial sanctions and may face enforcement action, which could … See more When deciding how to respond to a breach, OFSI and the relevant enforcement agencies and regulators will take several factors into account. For more information … See more curly hair vs straight hair
OFSI Publishes Updated Enforcement and Penalty Guidance
WebOFSI maintains two lists of those subject to financial sanctions: The Consolidated List of Asset Freeze Targets. This lists all asset freeze targets listed under UK autonomous financial sanctions legislations and UN sanctions; and; ... you should immediately notify OFSI. Your next steps depend on the specific sanctions that have been applied. WebFeb 22, 2024 · You are legally obliged to report to OFSI if you know or suspect that a breach of financial sanctions has occurred; if a person you are dealing with, directly or indirectly … WebOFSI interprets the prohibitions in sanctions legislation widely, as do courts. If the financial sanction takes the form of an asset freeze, it is generally prohibited to: deal with the funds … curly hair vs wavy hair