UK Releases Blog Post Detailing Russian Sanctions Compliance Steps
The U.K.'s Office of Financial Sanctions Implementation added a blog post titled "Russia: What has changed and what do I need to do?" The post lays out recent changes to the Russia sanctions regime following its invasion of Ukraine, noting…
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the points of contact for licensing and reporting purposes. The blog post includes brief summaries of U.K. sanctions action and what to do regarding asset freezes, sectoral measures, licensing, crypto assets, OFSI reporting and the Economic Crime Bill.