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.
From:
HM
Treasury and Office of Financial
Sanctions Implementation
Published
29 May 2013
Last updated
26 July 2023 — See all updates
Documents
Financial
sanctions: general guidance
PDF, 1.4
MB, 41 pages
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OFSI
enforcement and monetary penalties guidance
PDF, 718
KB, 29 pages
Russia
guidance
PDF, 577
KB, 19 pages
Libya
guidance
PDF, 3.67
MB, 5 pages
Guidance
for the charity sector
PDF, 678
KB, 14 pages
Maritime
guidance
PDF, 320
KB, 12 pages
Guidance
for the import and export sector
PDF, 980
KB, 10 pages
Ransomware
and Sanctions guidance
PDF, 689
KB, 7 pages
High Value
Dealer guidance
PDF, 311
KB, 9 pages
Travel
guidance
PDF, 246
KB, 6 pages
Russian Oil
Services ban and price cap
https://www.gov.uk/government/publications/russian-oil-services-ban
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.
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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.
