By Maya Lester KC & Michael O’Kane

OFSI updates guidance on refusing licences

OFSI today updated its general guidance on financial sanctions, amending section 6.12, “refusal of a licence”, removing the option to request OFSI to undertake a review of its decision to refuse a licence. The section now reads: “If OFSI refuses to issue a licence, the proposed transaction or activities may not be lawful. OFSI will write to you giving reasons …

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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