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Ukraine conflict—OFSI issues General Licence regarding payments to UK Insurers

Published on: 22 July 2022

Published by LNB News

LNB News 22/07/2022

Document Information

Issue Date: 22 July 2022

Published Date: 22 July 2022

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

Article summary

HM Treasury’s Office of Financial Sanctions Implementation (OFSI) has issued General Licence (GL) INT/2022/2009156 which allows UK Designated Persons to make Permitted Payments to UK Insurers for building and engineering insurance from a frozen UK bank account. This licence comes under effect from 22 July 2022 for an indefinite duration.

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