From 31 July 2014, any funds arriving in the UK, or in a UK bank wherever situated, which have come from, or at any stage via, a person subject to an asset freeze based outside the EU, will be required to be frozen in a suspense account, or other separate account, on arrival in the UK bank. Such funds will only be released if the intended recipient obtains a licence from HM Treasury. HM Treasury had previously taken the view that when funds are received by a non-designated person in the UK from a designated person outside the EU, they did not need to be frozen and a licence was not required.

HM Treasury Notice

Consolidated List of Financial Sanctions Targets