OFSI Issues 2025 Frozen Asset Reporting Notice

Key sections from the guidance include:  

➡️ The scope of frozen asset reporting for 2025;  

➡️ Required actions for firms and individuals, including identifying and reporting frozen assets; and  

➡️ Expectations for ongoing compliance with financial sanctions obligations. OFSI emphasises that anyone holding frozen assets should follow the instructions in the guide to ensure timely and accurate reporting.  

🗓️ All individuals and entities that hold or control funds or economic resources belonging to a designated person (DP) must complete the frozen asset reporting form and submit it to OFSI by 30 November 2025 through the appropriate channels.