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UK solicitors urged to respond to frozen asset list if needed

News Team, 17/09/2020

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 ongoing responsibilities. 

The UK...


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