By Maya Lester KC & Michael O’Kane


The UK Office of Financial Sanctions Implementation grants licences (exceptions) to some UK sanctions measures (including asset freezing prohibitions). The Sanctions Act providing the legal framework for licensing is here. Guidance on UK licensing is as follows: ‘Exceptions and Licensing’ in OFSI Financial Sanctions General Guidance Guidance on Licences that allow activity prohibited by financial sanctions ‘Licensing’ in OFSI Charity…...

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