By Maya Lester KC & Michael O’Kane

OFSI issues insurance GL for autonomous sanctions regimes

On Friday (26 July 2022), OFSI issued General Licence (GL) INT/2022/2009156, “Payment to UK Insurance Companies for Building and Engineering Insurance” (Notice), under 19 of its autonomous sanctions regimes. The GL indefinitely authorises (subject to reporting and record-keeping requirements): UK designated people / entities to make ‘Permitted Payments’ (insurance premiums, reinsurance premiums and broker commissions relating to the provision of …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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