1-20 of 214 results for subject:"Office of Financial Sanctions Implementation"
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To ask the Chancellor of the Exchequer, pursuant to the answer of 29 May 2026 to Question 2052 on Sanctions, whether any of the general licences granted by OFSI allow for the ancillary provision of public relations and public affairs.
To ask the Chancellor of the Exchequer, pursuant to the answer of 29 May 2026 to Question 2052 on Sanctions, whether any of the general licences granted by OFSI allow for the ancillary provision of public relations and public affairs.
The Office of Financial Sanctions (OFSI) general licences authorise certain categories of payments and financial services that would otherwise be prohibited under UK financial sanctions regulations. OFSI does not provide exemptions from wider trade sanctions or other regulatory restrictions, but it may fall within the remit of other parts of Government.
Whether a particular service may be provided under a general licence depends on the scope and conditions of that licence. Regarding public relations and public affairs, the Government has made clear that there is a presumption that applications for specific licences for legal fees relating to defamation and similar cases will be rejected and OFSI’s Russian and Belarusian Legal Services General Licence does not authorise legal fees for such cases. Further information is set out in the Written Ministerial Statement of 30 March 2023.
To ask the Chancellor of the Exchequer, what estimate her Department has made of the number of specific licences granted by the Office of Financial Sanctions Implementation under the category of legal fees that permitted the use of frozen assets to (a) initiate and (b) pursue legal proceedings against UK...
To ask the Chancellor of the Exchequer, what estimate her Department has made of the number of specific licences granted by the Office of Financial Sanctions Implementation under the category of legal fees that permitted the use of frozen assets to (a) initiate and (b) pursue legal proceedings against UK...
The Office of Financial Sanctions Implementation does not hold data in a form that would allow it to identify how many legal fees licences have been granted permitting the use of frozen assets to fund legal action against UK citizens or residents.
Following an internal review commissioned by Treasury Ministers, the Government set out its position in a Written Ministerial Statement in January 2023, confirming that OFSI's legal fees licensing decisions must carefully balance the fundamental right to legal representation against the wider aims and purpose of sanctions. Whilst it remains for the Courts, not the Government, to decide whether legal claims should be permitted to succeed, the Government is clear that courts and the legal system must not be used by those seeking to silence investigations in the public interest.
As a result of the review, the Government committed to further targeted changes to the legal fees licensing process, introducing a presumption that applications for specific licences relating to defamation and similar cases will be rejected, and amending the Russian and Belarusian Legal Services General Licence so that it no longer authorises legal fees for such cases.
In parallel, the Government announced primary legislation tackling Strategic Lawsuits Against Public Participation (SLAPPs), including a statutory definition, an early dismissal process, and costs protection, and updated the delegation framework to make clear when Ministers, rather than officials, must take licensing decisions personally. That primary legislation has since been enacted. The Economic Crime and Corporate Transparency Act 2023, led by the Ministry of Justice, includes provisions specifically addressing SLAPPs, delivering on that commitment. The Act can be found here: Economic Crime and Corporate Transparency Act 2023.
To ask His Majesty's Government what policy the Office of Financial Sanctions Implementation applies when considering whether to recommend the imposition of financial sanctions on individuals resident in, or operating from, the United Kingdom who are alleged to have links to Hamas or to have supported Hamas; whether that policy...
To ask His Majesty's Government what policy the Office of Financial Sanctions Implementation applies when considering whether to recommend the imposition of financial sanctions on individuals resident in, or operating from, the United Kingdom who are alleged to have links to Hamas or to have supported Hamas; whether that policy...
The Government takes the threat of Hamas very seriously and remains committed to cutting off funding sources to Hamas and any other organisations or individuals supporting terrorist activity which prevents sustainable peace in the Middle East.
Under the Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019, for which the Office of Financial Sanctions Implementation (“OFSI”) holds responsibility for designation, financial sanctions are imposed in a targeted and coordinated manner with the aim of reducing the risk to the UK, its citizens and its interests overseas from terrorism, so that people can go about their lives freely and with confidence.
To achieve those policy aims, OFSI regularly reviews targets for designation to explore whether they meet our criteria for designation under the Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019. This includes assessing whether the evidence available reaches the thresholds set out in legislation and that the use of sanctions is proportionate to their aims.
It is a standing policy that HMT does not provide details on any OFSI actions or investigations that may or may not be ongoing.
To ask the Chancellor of the Exchequer, what estimate the Office for Financial Sanctions Implementation has made of any changes to the valuation of Libyan frozen assets in the past eighteen months.
To ask the Chancellor of the Exchequer, what estimate the Office for Financial Sanctions Implementation has made of any changes to the valuation of Libyan frozen assets in the past eighteen months.
The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, published in its 2024-2025 Annual Review that over £12.9 billion of assets relating to the Libya sanctions regime have been reported as frozen as of September 2024. This is an aggregated total of all entities and individuals listed on the Consolidated List of Financial Sanctions Targets.
OFSI’s next Annual Review is due to be published later in 2026.
To ask the Chancellor of the Exchequer, pursuant to the Answer of 29 May 2026 to Question 2052 on Sanctions, whether the Office of Financial Sanctions Implementation has granted any licences relating to sanctioned Russian individuals and expenditure on public affairs since July 2024.
To ask the Chancellor of the Exchequer, pursuant to the Answer of 29 May 2026 to Question 2052 on Sanctions, whether the Office of Financial Sanctions Implementation has granted any licences relating to sanctioned Russian individuals and expenditure on public affairs since July 2024.
The Office of Financial Sanctions Implementation (OFSI) can only issue licences where specific licensing grounds exist within the relevant sanctions regime and where the conditions of those grounds are satisfied. It is not able to provide a breakdown of the purposes for which individual licences have been issued.
Information on the number of licences issued by financial year is published in OFSI's Annual Reviews, available at: OFSI Annual Reviews - GOV.UK
To ask the Chancellor of the Exchequer, whether any (a) exemptions and (b) licences have been given by the Office of Financial Sanctions Implementation for the provision of (i) public relations and (ii) public affairs services to (A) sanctioned individuals and (B0 organisations in each of the last three years.
To ask the Chancellor of the Exchequer, whether any (a) exemptions and (b) licences have been given by the Office of Financial Sanctions Implementation for the provision of (i) public relations and (ii) public affairs services to (A) sanctioned individuals and (B0 organisations in each of the last three years.
The Office of Financial Sanctions Implementation (OFSI) can only issue licences where specific licensing grounds exist within the relevant sanctions regime and where the conditions of those grounds have been met.
Licensing of professional services of this kind may be permissible under one of a number of licensing purposes. Depending on the facts of any particular application, such as: basic needs, extraordinary expenses, prior obligations, or the routine holding and maintenance of frozen funds or economic resources. It would be for the applicant to demonstrate that the criteria of any licensing purpose were met in their particular circumstances.
It should also be noted that since 10 October 2024, the Office for Trade Sanctions Implementation (OTSI) has been responsible for trade sanctions licensing of standalone services prohibited under the UK's trade sanctions, including professional and business services under the Russia sanctions regime covering areas such as: accounting, auditing, engineering, management consulting, and public relations, as well as energy-related, infrastructure, interception, and shipping services across a range of other sanctions regimes.
It is not possible for OFSI to give a breakdown into granular service categories of previously issued licences. Information on the number of licences issued by financial year is available in OFSI’s Annual Review documents, which are published here: OFSI Annual Reviews - GOV.UK
Today, at my direction, the Office of Financial Sanctions Implementation (OFSI) issued a licence permitting the transfer of over £2.5 billion from the sale of Chelsea Football Club to a new charitable foundation. The foundation will spend these proceeds for the benefit of the victims of the invasion in Ukraine.
...
Today, at my direction, the Office of Financial Sanctions Implementation (OFSI) issued a licence permitting the transfer of over £2.5 billion from the sale of Chelsea Football Club to a new charitable foundation. The foundation will spend these proceeds for the benefit of the victims of the invasion in Ukraine.
...
My right honourable friend the Chancellor of the Exchequer (Rachel Reeves) has today made the following Written Ministerial Statement.
Today, at my direction, the Office of Financial Sanctions Implementation (OFSI) issued a licence permitting the transfer of over £2.5 billion from the sale of Chelsea Football Club to a new charitable...
My right honourable friend the Chancellor of the Exchequer (Rachel Reeves) has today made the following Written Ministerial Statement.
Today, at my direction, the Office of Financial Sanctions Implementation (OFSI) issued a licence permitting the transfer of over £2.5 billion from the sale of Chelsea Football Club to a new charitable...
Letter dated 11/12/2025 from Stephen Doughty MP to Emily Thornberry MP and Lord Ricketts regarding an update on key sanctions action taken since 21 July 2025: Russia, Russian sovereign assets, Iran, irregular migration, other sanctions regimes, sanctions strategy and enforcement, litigation, overseas territories. 6p.
Letter dated 11/12/2025 from Stephen Doughty MP to Emily Thornberry MP and Lord Ricketts regarding an update on key sanctions action taken since 21 July 2025: Russia, Russian sovereign assets, Iran, irregular migration, other sanctions regimes, sanctions strategy and enforcement, litigation, overseas territories. 6p.
To ask the Chancellor of the Exchequer, whether the Office of Financial Sanctions Implementation has investigated (a) Photovolt Development Partners and (b) Cranssetta Investments Ltd regarding sanctions against the (i) Russian Federation and (ii) named Russian individuals.
To ask the Chancellor of the Exchequer, whether the Office of Financial Sanctions Implementation has investigated (a) Photovolt Development Partners and (b) Cranssetta Investments Ltd regarding sanctions against the (i) Russian Federation and (ii) named Russian individuals.
OFSI does not generally comment on specific cases or confirm if particular companies are or have been subject to investigation beyond the publishing of public enforcement actions such as a monetary penalty.
OFSI is committed to ensuring that sanctions are robustly enforced and potential breaches are investigated and appropriate action taken.
If somebody has evidence or information of activity that contravenes UK financial sanctions, this should be reported to OFSI immediately using the reporting form available on GOV.UK.
Thank you, Mr Speaker. May I join the Leader of the House and the shadow Leader of the House in thanking you and all the staff for playing a role in organising the remembrance events of the past week?
I, too, would like to focus on Ukraine this week. Russia’s war...
Thank you, Mr Speaker. May I join the Leader of the House and the shadow Leader of the House in thanking you and all the staff for playing a role in organising the remembrance events of the past week?
I, too, would like to focus on Ukraine this week. Russia’s war...
The hon. Gentleman is right: addressing Ukraine’s financial needs is vital to ensuring that the Ukrainians can continue to defend themselves against Russian aggression. I can confirm that the UK is determined to make progress on this issue at pace, but I am sure he understands that it involves working...
The hon. Gentleman is right: addressing Ukraine’s financial needs is vital to ensuring that the Ukrainians can continue to defend themselves against Russian aggression. I can confirm that the UK is determined to make progress on this issue at pace, but I am sure he understands that it involves working...
To ask the Chancellor of the Exchequer, whether she has had recent discussions with the Office of Financial Sanctions Implementation on granting a licence to allow (a) renovations and (b) other maintenance works to proceed at Sutton Place in Woking.
To ask the Chancellor of the Exchequer, whether she has had recent discussions with the Office of Financial Sanctions Implementation on granting a licence to allow (a) renovations and (b) other maintenance works to proceed at Sutton Place in Woking.
I refer the hon member to the answers that I gave to Parliamentary Question UIN 80792 and Parliamentary Question UIN 84508 on 20 October and 28 October respectively.