www.gov.uk OFSI Issues General Licences for Sanctions Compliance
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- •OFSI issued two general licences for sanctions compliance on 12 and 8 October 2026.
- •General Licence INT/2026/10050568 allows payments for ground rent and service charges.
- •General Licence INT/2026/11080040 permits winding down transactions involving designated persons.
On 12 October 2026, OFSI issued General Licence INT/2026/10050568, allowing designated persons to make payments for ground rent and service charges to UK landlords. This licence is part of the UK’s sanctions framework under the Sanctions and Anti-Money Laundering Act 2018. Additionally, on 8 October 2026, OFSI issued General Licence INT/2026/11080040, permitting parties to wind down transactions involving designated persons under the Russia sanctions regulations. These measures aim to facilitate compliance with UK sanctions while ensuring that essential payments can continue. The licences specifically target transactions related to properties in England and Wales, impacting landlords and managing agents involved in these payments.
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