PARLIAMENTARY WRITTEN QUESTION
Office of Financial Sanctions Implementation: Licensing (6 June 2023)
Question Asked
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.
Asked by:
David Mundell (Conservative)
Asked by:
David Mundell (Conservative)
Answer
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.
Answered by:
Gareth Davies (Conservative)
13 June 2023
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