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

OFSI reissued General Licence under Regulation 64 of The Russia (Sanctions) (EU Exit) Regulations 2019 which is subject to certain conditions which 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…