OFSI has published an updated version of Treasury’s Financial Sanctions Guidance. It provides a guide to the approach OFSI will take when issuing licences and considering compliance, taking into account case law and EU guidance as at 5 April. Part A of the guidance provides a general overview of the financial sanctions framework that applies in the UK, whilst Part B provides practical examples of how OFSI will approach licensing and compliance questions. (Source: OFSI publishes updated Financial Sanctions Guidance)