Reminder: Frozen Assets Reporting 2024 OFSI is conducting its Frozen Asset Review. If you hold or control funds or economic resources belonging to, owned, held, or controlled by a designated person, you are required to submit a report to HM Treasury's OFSI by Monday 11 November 2024. Your report must include details of all funds or economic resources frozen in the UK and overseas, where these funds or economic resources are subject to UK financial sanctions legislation. Your report to OFSI must include the value of all such assets as of close of business on Monday 30 September 2024. Where the funds or economic resources relate to shares, securities, or other debt or payment instruments, the GBP value should be provided in your report. If you have previously reported information related to frozen assets to OFSI you are still required to submit a return to OFSI as part of the 2024 Frozen Asset Review. This includes where you have submitted a report as part of the 2023 Frozen Asset Review and no longer hold these assets. In such a case, a nil return should be provided. All returns need to be made in the form of a completed template from the GOV.UK website and returned to [email protected]. Please note that the reporting template has been updated since last year. If you have already submitted your return, or have no information to report, please ignore this email. For further information The consolidated list of asset freeze targets can be accessed here. If you have any questions about this email, please contact us using the link below. | 