New UK Sanctions License Authorizes Tax, Fee Payments
The U.K.'s Office of Financial Sanctions Implementation on Dec. 8 issued a new general license allowing sanctioned parties to pay certain U.K. government taxes and fees. Parties acting on behalf of the sanctioned people or entities may also make these…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
payments. Parties making these payments must report the details of the payment within 14 days of making the payment to OFSI. The license took effect Dec. 9.