Sanctions, when applied to financial services, represent a prohibition on providing regulated services to the subject of the sanction, and the requirement to freeze and report any assets that are held to the local jurisdiction sanctions administrator, such as OFAC (Office of Foreign Assets Control) or HMT (Her Majesty’s Treasury) sanctions list.

Related Articles

Related Entries

subscribe to newsletter

    You accept our Direct Marketing & Privacy Policies by submitting your info. Opt-out anytime.