UK solicitors have one month to check the latest HM Treasury Consolidated List of asset freeze targets to make sure they are not holding monies belonging to a client that is subject to financial sanctions.
HM Treasury has given anyone who is holding frozen assets until 16 October 2020 to submit a report to the Office of Financial Sanctions Implementation (OFSI).
Sanctions are an important foreign policy and national security tool and solicitors should be aware of their ...