Solicitors urged to respond to frozen asset list
Released 09 September 2020
Solicitors have just over month to check the latest HM Treasury (HMT) consolidated list of asset freeze targets to make sure they are not holding monies belonging to a client that is subject to financial sanctions.
The Solicitors Regulation Authority (SRA) is reminding practices that HMT has given anyone who is holding frozen assets until 16 October 2020 to submit a report to the Office of Financial Sanctions Implementation (OFSI).
Further information can be found at https://www.sra.org.uk/sra/news/press/frozen-assets-2020/.