UK: SANCTIONS – OFSI UPDATES GUIDANCE ON AGGREGATION

On 22 March, HM Treasury announced that OFSI has updated its general guidance by adding a paragraph to Chapter 4 on ownership and control and which clarifies OFSI’s position on aggregation of different designated persons’ holdings in a company.

https://www.gov.uk/government/publications/financial-sanctions-faqs

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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