OFSI and sanctions and general licences during Coronavirus (Covid-19) pandemic

The Office of Financial Sanctions Implementation (OFSI) has offered reassurance that it has taken measures to avoid disruption to its service as a result of the Prime Minister’s statement urging people to work from home where possible.

OFSI is recommending that firms send any queries to the OFSI mailbox with clear indications and explanations of urgency from Monday 23 March 2020 until further notice.

Any queries normally made to the OFSI helpline should be sent by email to the OFSI mailbox wherever possible. OFSI said that due to the volume of queries, or if it should experience significant staff absence, it may not be able to respond in line with its usual timescales.

Licence applications and compliance reports will continue to be assessed, and firms will still receive communications from OFSI, including requests for information on individual cases. Urgent and humanitarian licence cases will continue to be prioritised.

OFSI said that these arrangements will be in place until further notice and that it will update businesses once these arrangements come to an end.

Please also note that over the Easter period, the OFSI inbox and helpline will not be monitored on Friday 10 April 2020 until Monday 13 April 2020 inclusive.

If you have any questions please contact OFSI via this link.

The post OFSI and sanctions and general licences during Coronavirus (Covid-19) pandemic appeared first on British Insurance Brokers' Association.

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