On 19 July, OFSI advised that the expanded definition will take effect from 30 August. It had explained that there is a requirement for ‘relevant firms’, as defined in sanctions regulations, to notify OFSI of certain information as soon as practicable when encountering a designated person in the course of their business. This requirement applies to relevant firms in the UK or under UK jurisdiction including people working for them.
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NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!