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OFSI removes licensing ground on guidance to apply for sanctioned trade services licence

Published on: 31 October 2024

Published by LNB News

LNB News 31/10/2024

Document Information

Issue Date: 31 October 2024

Published Date: 31 October 2024

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

Article summary

The Office of Financial Sanctions Implementation (OFSI) has removed the licensing ground relating to providing services to individuals connected to Russia through a UK-based parent company or subsidiary of that parent company on its guidance to apply for a licence to provide sanctioned trade services.

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