OFSI publishes FAQs

OFSI has published its first set of FAQs on financial sanctions. It hopes they will be accessible and helpful to businesses. It will release new FAQs on an “as-needed” basis and does not plan generally to accept individual requests. Rather, it will publish FAQs when it thinks this could benefit a significant proportion of industry or the public. There are currently 91 questions, mainly about elements of the Russian sanctions, but some more general questions, including questions on licensing and definitions.

Emma Radmore