New UK Sanctions License Authorizes Tax, Fee Payments
The U.K.'s Office of Financial Sanctions Implementation on Dec. 8 issued a new general license allowing sanctioned parties to pay certain U.K. government taxes and fees. Parties acting on behalf of the sanctioned people or entities may also make these…
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payments. Parties making these payments must report the details of the payment within 14 days of making the payment to OFSI. The license took effect Dec. 9.