New guidance was published on 19 October 2017 by the Office of Financial Sanctions Implementation (OFSI) to help charities and NGOs understand their responsibilities and comply with financial sanctions.
In producing the guidance, OFSI has worked closely with charities, regulators and banks to understand common challenges faced by those operating in hostile environments.
The guidance helps clarify what activities may be permitted under an OFSI licence and how to apply. It also identifies sources of information and advice available, including the Charity Commission’s toolkit for charities and NGOs.
A link to the press release is available here.