UK Sanctions (OFSI)
Material regulatory developments from Office of Financial Sanctions Implementation are tracked daily by Cresthaven Analytics. Over the last 90 days, 11 material briefs relevant to professionals operating in the trade & geopolitical risk sector have been published below. Each brief is sourced directly from the primary regulatory feed, summarized for institutional readers, and scored for materiality.
Recent material activity
A selection of recent published briefs; this is not a complete archive.
OFSI issues General Licence INT/2026/10050568 permitting designated persons to make ground rent and service charge payments to UK landlords
OFSI issued General Licence INT/2026/10050568 on 12 October 2026 under 26 UK Autonomous Sanctions Regulations listed in Annex I. The licence permits designated persons, or persons acting on their behalf, to make ground r…
Read the full UK Sanctions (OFSI) brief →OFSI issues Russia sanctions General Licence INT/2026/11080040 permitting wind-down transactions involving a designated person
OFSI issued General Licence INT/2026/11080040 on 8 October 2026 under the Russia Sanctions regulations, permitting parties to transactions involving a newly designated person to wind down those positions.
Read the full UK Sanctions (OFSI) brief →OFSI extends and amends Maritime Mutual Re-Insurance wind-down general licence to October 2026 with new monthly reporting obligation
OFSI amended General Licence INT/2026/8893924 on 6 July 2026, extending its expiry from 6 July 2026 to 7 October 2026. The amendment also introduces a monthly reporting requirement for Designated Persons relying on the l…
Read the full UK Sanctions (OFSI) brief →OFSI updates Oil Price Cap General Licence and reporting forms governing UK maritime Russian oil sanctions regime
OFSI updated the Oil Price Cap General Licence and associated reporting forms on October 1, 2026. The updates cover the UK ban on maritime transportation of Russian oil and related services, and reflect amendments to com…
Read the full UK Sanctions (OFSI) brief →OFSI amends General Licence INT/2025/5635700 to add the Kurdistan Export Pipeline to Russian Oil Exempt Projects
OFSI amended General Licence INT/2025/5635700 on 1 October 2026, adding the Kurdistan Export Pipeline to the list of Exempt Projects. The licence was originally issued on 10 January 2025 under the Russia (Sanctions) (EU …
Read the full UK Sanctions (OFSI) brief →HM Treasury and OFSI require all frozen asset holders to file 2026 annual reporting forms by 30 November 2026
HM Treasury published its 2026 annual frozen asset reporting guidance and associated form on 30 September 2026. All persons holding or controlling funds or economic resources belonging to a designated person must submit …
Read the full UK Sanctions (OFSI) brief →OFSI issues General Licence INT/2025/7363752 permitting Shah Deniz Project activities under Iran Nuclear Sanctions
OFSI issued General Licence INT/2025/7363752 on 29 September 2025 under the Iran Nuclear Regulations. The licence permits persons and Relevant UK Institutions to undertake activities necessary for the continued operation…
Read the full UK Sanctions (OFSI) brief →HM Treasury issues presumption-of-denial licensing guidance for designated Iranian banks operating in the UK
HM Treasury published guidance on September 23, 2026 establishing a presumption of denial for licence applications from designated Iranian banks active in the UK. The guidance defines which banks fall within scope, ident…
Read the full UK Sanctions (OFSI) brief →OFSI updates supplementary financial sanctions licensing guidance covering travel expenses and delegation frameworks
OFSI published updated supplementary guidance on September 10, 2026 for UK financial sanctions licence applications. The update makes targeted amendments to permitted travel expenses and refreshes the Counter Terrorism l…
Read the full UK Sanctions (OFSI) brief →UK government amends Iran nuclear sanctions statutory guidance to reflect 2026 regulatory changes
The UK government updated its statutory guidance for the Iran nuclear sanctions regime on September 9, 2026, incorporating amendments under the Iran (Sanctions) (Amendments) Regulations 2026. The update also reflects rev…
Read the full UK Sanctions (OFSI) brief →OFSI imposes a £4,732,830.58 civil monetary penalty on Citibank N.A. London Branch for a financial sanctions breach
On 11 August 2026, OFSI imposed a civil monetary penalty of £4,732,830.58 on Citibank N.A., London Branch for a breach of financial sanctions under the Policing and Crime Act 2017.
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