Annual Frozen Assets updates by HM Treasury

Office of Financial Sanctions (OFSI), the UK government’s sanctions department, implements Financial sanctions legislation to update the frozen assets for designated persons.

Every year the record is updated to reflect any changes to the designated person's assets.Their assets include funds and economic resources.

Therefore, all the companies requires to prepare the separate report against these designated persons/individuals for security objectives within the timeline dated 13th of October, 2017.

For a complete official document, click here.