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

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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.

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

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