New UK Sanctions License Authorizes Tax, Fee Payments

The U.K.'s Office of Financial Sanctions Implementation on Dec. 8 issued a new general license allowing sanctioned parties to pay certain U.K. government taxes and fees. Parties acting on behalf of the sanctioned people or entities may also make these payments. Parties making these payments must report the details of the payment within 14 days of making the payment to OFSI. The license took effect Dec. 9.