Office of Financial Sanctions Implementation FAQs for Insolvency Practitioners
IPA Insolvency Practitioner newsletter, March 2025
The January 2025 newsletter advised of the new reporting requirement for Insolvency Practitioners in the sanctions reporting regime that arise from 14 May 2025.
The Office of Financial Sanctions Implementation (OFSI) recently held an online Q&A session for Insolvency Practitioners to cover how to prepare for the requirement and following the online session OFSI have updated their online FAQs. The relevant questions are numbers 132-144 and can be found here.