Text for AML Update Service
AML Update: Payments under the OFSI General Licence (update)
Purchase this policy: Sanctions Policy
- Change date
- 12/10/2026
- Word count
- 169
- Deployment measure
- 7/10
Rationale
This latest wording replaces the expired OFSI General Licence reference and clarifies the 14-day reporting deadline, MLRO approval and six-year recordkeeping requirements.
The firm may rely on an applicable OFSI Legal Services General Licence only where all its conditions are satisfied. General Licence INT/2026/9512597 replaced INT/2025/7323088 following its expiry on 28 April
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