Frozen Assets Reporting 2025
IPA Insolvency Practitioner newsletter, September 2025
Every year HM Treasury carries out a review of frozen assets to update its records and to capture any changes during the reporting period.
If you hold funds or economic resources owned, held, or controlled by a designated person, you are required to submit a report to OFSI by Sunday 30th November 2025.
In the report, you must include details of all funds or economic resources frozen in the UK as well as those overseas, where these funds or economic resources are subject to UK financial sanctions legislation. Your report must also include the value of all such assets as of close of business on Tuesday 30 September 2025. No reports should be submitted before this date.
Where the funds or economic resources relate to shares, securities or other debt or payment instruments, the GBP value should be provided in your report.
If you have previously reported information related to frozen assets to OFSI, you are still required to submit a return to OFSI as part of the 2025 Frozen Asset Review.
All returns need to be made in the form of a completed template from the GOV.UK website to ofsi@hmtreasury.gov.uk. Please note that the reporting template has been updated since last year.
For further information and to read the full notice, click here. The consolidated list of asset freeze targets can be accessed here.