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Financial sanctions: guidance

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Information on the approach OFSI takes to financial sanctions including sector and regime specific guidance, as well as information on monetary penalties for breaches of financial sanctions.

Documents

Financial sanctions: general guidance

 

 

Russia guidance

 

 

Libya guidance

 

 

Guidance for the charity sector

 

 

Maritime guidance

 

 

Guidance for the import and export sector

 

 

Ransomware and Sanctions guidance

 

 

High Value Dealer guidance

 

 

Travel guidance

 

 

Russian Oil Services ban and price cap

 

Details

General guidance

The general guidance document includes information regarding:

  • businesses’ obligations to financial sanctions regulations
  • OFSI’s processes for licence applications and breach reports

Monetary penalty guidance

The guidance on monetary penalties outlines OFSI’s processes for issuing monetary penalties for financial sanctions breaches, including:

  • the case assessment process
  • penalty calculation process
  • procedural rights

Please note the enforcement guidance applies to all cases where a financial sanctions breach has taken place on or after 00:00 15 June 2022.

Previous versions of the monetary penalty guidance can be found on gov.uk.

Russia guidance

Guidance for the financial and investment restrictions in Russia (Sanctions) (EU Exit) Regulations 2019.

Libya guidance

Financial sanctions guidance for the Libya (Sanctions) (EU Exit) Regulations 2020.

Guidance for the charity sector

The guidance for the charity sector helps clarify what activity may be permitted under an OFSI licence and how to apply. It also promotes various sources of information and advice available to charities and NGOs.

Maritime guidance

Financial sanctions guidance for entities and individuals operating within the maritime shipping sector.

Guidance for the import and export sector

The guidance for the import and export sector helps clarify how financial sanctions differ from trade sanctions, including how to apply for a licence from OFSI and DBT.

To receive notifications when guidance has been updated, subscribe to our e-alerts. Please be aware that we do not offer legal advice.

If you can’t find the information you need, OFSI’s helpline and email service may be able to help you. Contact details are available on OFSI’s homepage.

High Value Dealer guidance

Guidance on financial sanctions implementation for high value dealers, luxury goods markets and art market participants.

Travel guidance

Guidance on travel allowance for licence applications.

Source: gov.uk

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