UK OFSI, UK Treasury issued financial sanctions guidance for insolvency practitioners.
Overview
Guidance for insolvency practitioners covers reporting obligations, prohibited persons.
Certain business types are subject to reporting obligations as relevant firms under financial sanctions regs; generally consistent across all financial sanctions regimes.
Effectiveness
From May 14, 2025, insolvency practitioners will be subject to sanctions reporting obligations as they will be added to list of relevant firms under financial sanctions regs.
