Context
The notice provides background and guidance for the 2021 frozen asset reporting exercise which HM Treasury carries out every year to update records to reflect any changes to accounts during the reporting period.
Key points to note
- As part of this review, HM Treasury requires all persons that hold or control funds or economic resources belonging to a designated person, to complete the reporting form and submit it to the Office of Financial Sanctions Implementation (OFSI) by Friday 15th October 2021.
Next actions
We don’t anticipate this will be applicable to many, if any, of our members but have included it for information in the unlikely event it is applicable.