Guidance

OFSI General licence INT/2024/4761108

Details for OFSI General licence INT/2024/4761108 - Funds of non-designated third parties involving designated credit or financial institutions (“Personal Remittances”)

From:
Office of Financial Sanctions Implementation and HM Treasury
Published
28 May 2024
Last updated
2326 FebruaryMay 2026 — See all updates

Documents

OFSI General licence INT/2024/4761108

PDF, 97.4118 KB, 4 pages

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OFSI General licence INT/2024/4761108 Publication notice

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Details

  • General licence INT/2024/4761108
  • General licence INT/2024/4761108 publication notice

On 28 May 2024, OFSI reissued General Licence INT/2024/4761108 under Regulation 64 of The Russia (Sanctions) (EU Exit) Regulations 2019 (“The Russia Regulations”) which, subject to certain conditions, allows a Person to make use of the retail banking services of a designated Credit or Financial Institution provided that the payments made or received are intended for the personal use of a Person.

Updates to this page

Published 28 May 2024
Last updated 2326 FebruaryMay 2026 + show all updates

  1. On 26 May 2026 General Licence INT/2024/4761108 was updated to: • Include a new definition of Cryptoasset - A cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically. • Include a new reporting requirement for anyone using Cryptoassets to make or receive a payment under the General Licence, see paragraph 5A for full details of the requirement.

  2. OFSI General licence INT/2024/4761108 amended and extended.

  3. First published.

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