OFSI reminds firms of frozen assets reporting deadline

As part of its annual frozen assets review, the Office of Financial Sanctions Implementation (OFSI) has reminded firms that they will need to submit a report by 30 November 2025 if they hold or control funs or economic resources belonging to, owned, held or controlled by a designated person.

The report should include details on the value of such assets as of close of business on 30 September 2025.