Eldwick Law is a boutique legal firm specialising in assisting clients with Sanctions Licenses and Exemptions.
Our team provides expert advice and support in obtaining an OFSI (Office of Financial Sanctions Implementation) license and understanding exemptions under UK and international financial sanctions.
The OFSI Licence
What is an OFSI Licence?
An OFSI licence is a legal document for conducting activities that would normally breach UK financial sanctions. It’s not a blanket permission but contains specific conditions, outlining the permissible scope of your activities.
Securing an OFSI Licence with Eldwick Law
Applying for an OFSI licence involves a complex process.
Our team at Eldwick Law guides clients through each step, ensuring all necessary information is accurately provided, including the intended purpose of transactions, payment routes, and the legal basis of your application.
Key Considerations for Licence Application
- Legal Grounds: We help you identify and articulate the legal grounds for your application, essential for OFSI’s approval. These grounds include reasonable legal fees, basic needs provision, humanitarian assistance, and fulfilling pre-sanction obligations.
- Timely Submission: Prompt submission of your application is crucial. We ensure your application is thorough and submitted in a timely manner, as reviews can extend beyond four weeks.
- Compliance and Risk Mitigation: Our team advises on maintaining compliance and avoiding transactions without a valid licence, which can lead to significant legal and financial penalties.
Sanctions exemptions are complex and vary based on circumstances. We provide bespoke advice on how these exemptions apply to your situation, ensuring your activities remain within legal parameters.
Eldwick Law’s Expertise
- Experienced Legal Team: Our solicitors have extensive experience in sanctions law and are aware of the latest developments or legal precedents.
- Tailored Approach: We understand that each client’s needs are unique. Our approach is tailored to provide the most effective solutions for your specific circumstances.
- Comprehensive Support: From application to compliance, we offer a complete range of services to approach the sanctions landscape confidently.
For legal advice on Sanctions Licenses and Exemptions, contact Eldwick Law today.