UK Releases Sanctions Guidance Covering Travel Expenses
The U.K.'s Office of Financial Sanctions Implementation issued guidance last week for people seeking a license to release frozen funds for travel and associated expenses. OFSI said "associated expenses" could arise from "attending legal meetings or court hearings." When administering…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
licenses for these payments, OFSI "is legally obliged to ensure that those expenses are 'reasonable,'" OFSI said.