OFSI issues General Licence INT/2025/7628424
The Office of Financial Sanctions Implementation (OFSI) has issued General Licence INT/2025/7628424 under regulation 40 of the Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019, SI 2019/461. The licence allows Designated Persons (DPs), or those acting on their behalf, to make payments relating to remuneration, allowances and contractual or statutory redundancy payments for UK employees and directors. It also permits payments for employee pensions, fees and costs associated with the provision of IT services and fees or costs for UK chartered or certified accountancy services.