UK Issues New FAQs Related to Sanctions License for Legal Services
The U.K. added new FAQs 170 and 171 to address its most recent general license covering sanctions-related legal services (see 2510230018). The Office of Financial Sanctions Implementation said the sanctions license "resets the fees and expense caps," which sit at…
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just over $2.66 million, for covered legal services ranging from Oct. 29, 2025, until the license expires on April 28, 2026. OFSI also amended the license to cover "most UK autonomous sanctions regimes." In addition, it allows permitted payments to be made from abroad into U.K. or certain non-U.K. bank accounts, the agency said.