WebMar 21, 2024 · agreements with a Designated Person; and Any benefits conferred to or transactions with the Designated Person. Consequences for Business. The updated … WebDec 16, 2024 · Under the legislation they’re referred to as “designated persons”. The law restricts you from: receiving payment from or making funds available to persons on the sanctions list dealing with their economic resources making even legitimate payments to those persons Sanctions on Russia
OFSI compliance reporting form including trusts.docx - GOV.UK
WebMar 17, 2024 · An examination of the formal ownership and control mechanisms of an entity to establish whether there is available evidence of ownership and control by a … WebPlease see the Consolidated List Format guide found on this page or OFSI’s general guidance for more information on the consolidated list. If you have feedback on this … simplify primitive shower curtain
OFSI updates its enforcement guidance regarding ownership and …
WebApr 11, 2024 · L is the freehold proprietor of an office block. One of the tenants, DP, has recently been designated as subject to an asset-freeze under the Regulations and is therefore a “designated person” for the purposes of regs 11-19. Without an OFSI licence, L cannot accept rent from DP. Payment by DP of the rent using its own money would … WebApr 13, 2024 · On 28 March 2024, the UK Office of Financial Sanctions Implementation of HM Treasury (“OFSI”) issued the “Bond amendments and restructurings for non-Designated Persons” general licence (General Licence - INT/2024/2824812) (the “Bond Amendment GL”) under the Russia (Sanctions) (EU Exit) Regulations 2024 (the “UK Russia … WebMar 31, 2024 · OFSI has issued a general licence for “bond amendments and restructurings” proposed by issuers that, while not designated persons themselves, may have… Tim Bennett on LinkedIn: OFSI general licence: Bond amendments and restructurings simplify printing