Office of Financial Sanctions Implementation: Licensing
(asked on 6th June 2023) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the expected processing time is for an asset freeze licence application by the Office of Financial Sanctions Implementation.
This question was answered on 13th June 2023
The Office of Financial Sanctions Implementation (OFSI) prioritize urgent licence applications including those which concern humanitarian issues and basic personal needs, or where there is a severely detrimental impact such as a threat to life. As every licence application is unique, OFSI take a tailored approach to cases, and there is no standard processing time.