Updated Office of Financial Sanctions Implementation FAQs

IPA Insolvency Practitioner newsletter, September 2024

The Office of Financial Sanctions Implementation (OFSI) is the authority with responsibility for implementation of financial sanctions in the UK.

OFSI has a Frequently Asked Questions (FAQs) page on its website which has recently been updated with 20 FAQs regarding Russia and Russian Sanctions – access this here. The new FAQs are in the ‘Russia’ chapter of the page and are questions 100-119.

The FAQs from OFSI have details, information and guidance which may assist if there is a sanctions issue on any appointment.