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Routine FAQ Amended Final

UK Financial Sanctions FAQs

OFSI All Publications

Published May 1st, 2024

Detected March 6th, 2026

Summary

The UK's Office of Financial Sanctions Implementation (OFSI) has updated its Financial Sanctions FAQs. These updates provide technical guidance and information on various sanctions regimes, including specific country measures and licensing. The latest updates include amendments and additions to existing FAQs, with the most recent changes noted on February 25, 2026.

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What changed

The Office of Financial Sanctions Implementation (OFSI) has published updated Frequently Asked Questions (FAQs) regarding UK financial sanctions. These FAQs provide short-form guidance and technical information on specific sanctions regimes, licensing procedures, the Russian oil services ban, and definitions. The document details numerous updates, including amendments and additions to existing FAQs, with the most recent listed as of February 25, 2026, and others dating back to May 1, 2024.

These updates are primarily informational and aim to clarify existing sanctions requirements. Regulated entities, particularly those involved in financial transactions or dealing with sanctioned individuals or entities, should review the FAQs to ensure ongoing compliance with UK financial sanctions. While these are guidance documents and non-binding, adherence is crucial for avoiding potential penalties. No specific compliance deadlines are mentioned, as the FAQs address ongoing interpretations and technical details of existing sanctions regimes.

What to do next

Review updated UK Financial Sanctions FAQs for any changes relevant to your operations.
Consult specific FAQs related to regimes, licensing, or definitions applicable to your business.
Ensure internal policies and procedures align with the guidance provided in the FAQs.

Source document (simplified)

Guidance

UK Financial Sanctions FAQs

OFSI publishes FAQs providing short-form guidance and technical information on financial sanctions.

From: Office of Financial Sanctions Implementation Published 1 May 2024 Last updated 25 February 2026
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Documents

UK Financial Sanctions FAQs

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UK Financial Sanctions FAQs (Withdrawn FAQs)

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Details

OFSI publishes FAQs providing short-form guidance and technical information on financial sanctions. These include FAQs relating to:

Specific regimes and countries
Licensing
Russian oil services ban
Definitions

Updates to this page

Published 1 May 2024 Last updated 25 February 2026 show all updates
1.
25 February 2026

FAQ 174 amended.
2.
10 February 2026

FAQ 173 amended.
3.
5 February 2026

FAQs 147-148 amended.
4.
2 February 2026

FAQ 133 amended.
5.
15 January 2026

FAQs 154-158 and 161 amended to reflect new cap.
6.
23 December 2025

FAQs 177-183 added.
7.
19 December 2025

FAQ 176 added.
8.
17 December 2025

FAQ 175 added.
9.
27 November 2025

FAQ 174 added.
10.
20 November 2025

FAQ 173 amended to extend the subsidiaries.
11.
14 November 2025

FAQ 173 added regarding Lukoil Bulgaria EOOD and Lukoil Neftochim Burgas AD.
12.
31 October 2025

New FAQ 172 added, FAQs 7 and 49 withdrawn and FAQ 53 amended.
13.
24 October 2025

New FAQs 170 and 171 added and FAQs 54 and 76 withdrawn.
14.
22 October 2025

FAQ 169 added regarding OFSI General Licence INT/2025/7598960.
15.
29 September 2025

FAQ 168 added
16.
26 September 2025

FAQs 165-167 added for General Licences covering water, utility and banking bills and fees.
17.
19 August 2025

FAQ's Q162-164 added regarding General Licence INT/2025/6641960
18.
18 July 2025

FAQs 154-161 added.
19.
17 July 2025

Online form link for required payment exception added.
20.
10 July 2025

FAQ 153 added.
21.
3 July 2025

FAQ 149. What constitutes an economic resource? added.
FAQ 150-151 for Crown Dependency or Overseas Territory added.
FAQ 152 When should securities held at designated local Russian registrars be reported to OFSI? added.
FAQ 123-124 moved to withdrawn FAQs.
22.
23 April 2025

Q148 amended to remove reference to Bank Otkritie
23.
22 April 2025

FAQs 146-148 added.
24.
27 March 2025

1 FAQ added Q.145
25.
24 March 2025

FAQ 1: link added for signing up to the new joint UK sanctions email alert service, provided by the Foreign, Commonwealth & Development Office (FCDO), the Office of Financial Sanctions Implementation (OFSI) and the Office of Trade Sanctions Implementation (OTSI).
26.
12 March 2025

13 new added FAQs about relevant firms.
27.
5 December 2024

FAQ 130 amended to reflect revoked General licences.
28.
14 November 2024

FAQs 125-131 added.
29.
11 November 2024

FAQ 124 added
30.
7 November 2024

FAQ 123 added.
31.
5 November 2024

FAQs 49-51, 55, 61-66, 72-73, 76 and 84 amended to reflect new Legal Services General Licence INT/2024/5334756.
32.
1 October 2024

FAQ added for General Licence INT/2024/4919848 and Trust services
33.
15 August 2024

20 questions added to the Russia section
34.
19 July 2024

FAQs added: FAQ 92, FAQ 93, FAQ 94, FAQ 95, FAQ 96, FAQ 97, FAQ 98
Subheading added: Trust Services Sanctions
Subheading added: General Licence INT/2024/4919848
35.
16 July 2024

FAQs 35 and 36 added
36.
8 May 2024

FAQ 1 was amended on 8 May 2024 to include a link to the FCDO's E-Alert Service.
37.
1 May 2024

First published.