UK Again Renews, Revises Middle East-Related Sanctions License
The U.K. last week extended a general license that authorizes certain transactions related to humanitarian activities involving Israel, Palestine and Lebanon. The license was recently renewed through Nov. 14 (see 2410100030), and the Office of Financial Sanctions Implementation again renewed…
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it, this time through Nov. 14, 2027. OFSI also amended certain reporting deadlines, revised the definition for “Relevant Person," changed the definition of “UK Funded Person” to include any person who has received U.K. government funding in the last five years, and more.