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Guidance

Financial sanctions general guidance

General guidance for UK financial sanctions

Updates to this page

From:
Office of Financial Sanctions Implementation
Published:
13 February 2024
Last updated:
12 May 2026
Show all updates

  1. Section 6.21 amended.

  2. Updated to reflect the closure of the OFSI Consolidated List on 28 January 2026. The UK Sanctions List is now the only source for all UK sanctions designations.

  3. Divest investors definition amended.

  4. Section 6.21 (HM Treasury debt exception) amended to clarify that the reference in the exception to an obligation owed by HM Treasury to a UN DP should also include an obligation owed by any other person to the UN DP in respect of HM Treasury debt.

  5. Designated Money Service Businesses added to section 6.6.

  6. Online form link added for sections 5.1.3, 5.3, 6.12

  7. Section 6.21 added

  8. Addition to General guidance - section 5.12 - Confidential Reporting to OFSI

  9. Link added for signing up to the new joint UK sanctions email alert service, provided by the Foreign, Commonwealth & Development Office (FCDO), the Office of Financial Sanctions Implementation (OFSI) and the Office of Trade Sanctions Implementation (OTSI).

  10. Section 1.2 table updated to include OTSI.

  11. Section 6.9 General licences updated

  12. UK financial sanctions general guidance updated

  13. Guidance amended to include reference for inclusion of designated persons subject to the reporting requirements in Regulation 38A of the Belarus Regulations and monetary penalties for breaches of reporting obligations.

  14. A correction has been made in relation to section 4.1 Ownership and control. Specifically, text in the second example has been corrected to reflect the exercise of control between Person A and Person B.

  15. Definitions for extraordinary situations and extraordinary expenses in OFSI’s approach to licensing grounds section amended.

  16. First published.

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UK financial sanctions general guidance

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General guidance for UK financial sanctions covering:

  • Overview of financial sanctions
  • Scope of financial sanctions
  • Financial sanctions restrictions
  • Ownership and control
  • Reporting obligations
  • Exceptions and licensing
  • Compliance and enforcement
  • Challenging designations

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