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:
HMTreasuryand- Office of Financial Sanctions Implementation and HM Treasury
- Published
- 28 May 2024
- Last updated
- 23 February 2026 — See all updates
Documents
OFSI General licence INT/2024/4761108
PDF, 10597.4 KB, 34 pages
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OFSI General licence INT/2024/4761108 Publication notice
PDF, 190187 KB, 23 pages
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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 23 February 2026
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-
OFSI General licence INT/2024/4761108 amended and extended.
-
First published.
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Update history
2026-05-26 13:48
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.
2026-02-23 16:20
OFSI General licence INT/2024/4761108 amended and extended.
2024-05-28 13:20
First published.
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
-
OFSI General licence INT/2024/4761108 amended and extended.
-
First published.
Sign up for emails or print this page
Update history
2026-05-26 13:48
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.
2026-02-23 16:20
OFSI General licence INT/2024/4761108 amended and extended.
2024-05-28 13:20
First published.