In short
- HM Treasury - OFSI updated the frozen assets reporting notice and template for the 2026 exercise.
- HM Treasury - OFSI's reporting notice is a PDF of 162 KB and 6 pages.
What happened
HM Treasury - OFSI has released updated guidance and a reporting form for the annual frozen asset review for 2026. All persons holding or controlling funds or economic resources belonging to designated persons must complete and submit the form.
The submission deadline for the reporting form is Monday 30 November 2026. The updated notice and template are intended to ensure records reflect any changes to accounts during the reporting period.
HM Treasury requires all persons that hold or control funds or economic resources belonging to a designated person, to complete the reporting form and submit it to the Office of Financial Sanctions Implementation (OFSI) by Monday 30 November 2026.
In numbers
- 162 KB PDF file size of reporting notice
- 6 pages length of reporting notice document
Named in this item
Organization, regulator GB UK sanctions —
What compliance teams should check
- Review the updated 'Frozen assets reporting notice' and ensure compliance with the 2026 guidance.
- Complete and submit the 'Frozen assets reporting template' to OFSI by 30 November 2026.
- Verify all accounts and economic resources belonging to designated persons are accurately reported using the 2026 reporting form.
Why it matters
Annual frozen asset reviews are a critical part of financial sanctions compliance, ensuring that all funds and economic resources belonging to designated persons are properly identified and reported. The updated guidance and reporting template for 2026 reflect current requirements and deadlines, helping compliance officers maintain accurate records and meet regulatory obligations. Timely submission to OFSI is essential to avoid enforcement actions and demonstrate robust controls over sanctioned assets.
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