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Office of Financial Sanctions Implementation

New General Licence for Government Debt Payments issued

On Monday 14 October 2024, General Licence INT/2024/5294388 (the General Licence) was issued.

The General Licence allows Persons to make and facilitate payments in respect of UK Government Debt where either the legal holder or the direct or indirect recipient or beneficiary of that payment is a UK DP or UK Prohibited Person provided the payments are held in Frozen Accounts or UK Prohibited Persons Accounts.

The General Licence and its publication notice can be found here on GOV.UK.

Anybody intending to use the General Licence should consult the copy of the licence for full details of the definitions, permissions, and usage requirements.

To see the General Licence

click here


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