2 General licences updated On 06 February 2024, general licences INT/2023/2711256 and INT/2022/2009156 have been extended and amended respectively. INT/2023/2711256 - Syria Humanitarian Activity OFSI has extended the duration of this licence by 6 months, which will now expire on 14th August 2024 at 11.59 pm. INT/2022/2009156 - Permitted Payments to UK Insurance Companies OFSI has amended this licence as below: Permitted Payments can only be made for UK properties and UK vehicles;
Insurance Brokers may make all types of Return Payments to a DPs frozen bank account including payments due from successful claims;
The language in 5.2 and 6.5 has been clarified;
The definition of Return Payments was expanded to include other types of refunds;
The reporting and record-keeping requirements also apply to Insurance Brokers;
Those reporting must now report to HM Treasury within 10 working days. To see the publication notice If you have any questions about this email, please contact us using the link below. | 