OFSI publishes frozen asset review guidance

OFSI has published guidance on the annual frozen asset review reporting form.  The guidance explains the requirement for all persons who hold or control funds or economic resources that belong to or are controlled by a designated person to provide OFSI with information on them in a standard form.  This year, the deadline is 11 October. OFSI reminds firms of the possible penalties for failure to comply with sanctions legislation.


Emma Radmore