Home / Banking & Finance

Legal News

OFSI issues General Licence INT/2023/4078352 on payment processing wind down

Published on: 15 December 2023

Published by LNB News

LNB News 15/12/2023

Document Information

Issue Date: 15 December 2023

Published Date: 15 December 2023

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Office of Financial Sanctions Implementation (OFSI) has issued General Licence INT/2023/4078352, allowing a UK credit or financial institution to process payments from or via a Newly Designated Bank. The General Licence is granted under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019, SI 2019/855.

Popular documents

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of

Legal News