The UK’s Office of Financial Sanctions Implementation (OFSI) has issued guidance on when payments can be made to personal staff of designated persons (DPs).[1] Under the UK’s sanctions regime, DPs are subject to an asset freeze which would, but for an OFSI licence, prohibit them from making payments (from funds or economic resources they hold or control) to personal staff.
OFSI Issues Licensing Guidance for Payments to Personal Staff of Designated Persons
