On 26 April 2021, the UK launched the Global Anti-Corruption sanctions regime against individuals and organisations responsible for serious international corruption. The first wave of sanctions designations includes 22...more
Following the military coup on 1 February 2021 and subsequent human rights violations, the Foreign, Commonwealth, and Development Office added three Myanmar military officers to the UK Sanctions List on 18 February 2021....more
The Guide provides useful information on UN sanctions prohibitions as well as best practices guidance for the implementation of UN sanctions by stakeholders. Whilst the Guide is primarily targeted at Chairs and members of UN...more
On 7 December 2020, the EU adopted a global human rights sanctions regime. No individuals have been designated yet. Going forward, this means that companies should ensure that they conduct sanctions screening on all...more
On 20 July 2020, UK Foreign Secretary Dominic Raab announced (through a statement to the House of Commons) that as part of the UK's response to China’s imposition of new national security laws on Hong Kong...more
The UK Government has issued sanctions for the first time under the new global human rights sanctions regime against individuals and organisations responsible for human right violations. This is the first wave of designations...more
The EU has extended until 31 January 2021 restrictive measures against Russia that target the financial, energy and defence sectors, as well as the area of dual-use goods....more
The Council of the European Union has imposed restrictive measures on 11 leading Venezuelan officials, because of their role in acts and decisions undermining democracy and the rule of law in Venezuela....more
The 2014 Global Summit to End Sexual Violence in Conflict was hosted by former Foreign Secretary William Hague and Angelina Jolie, Special Envoy for the United Nations ("UN") High Commissioner for Refugees. It was...more
1/31/2020
/ Compensation ,
Counter-Terrorist ,
Crime Victims ,
Economic Sanctions ,
Enforcement Actions ,
Human Rights ,
Penalties ,
Refugees ,
Reparation Claims ,
Sexual Abuse ,
Sexual Assault ,
Terrorist Financing Regulations ,
United Nations ,
Vulnerable Victims
On 6 November we held a breakfast seminar focusing on the most important sanctions issues affecting the City and how to manage compliance with different financial sanctions regimes effectively.
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12/3/2019
/ Anti-Money Laundering ,
Asset Management ,
Cooperative Compliance Regime ,
Corruption ,
Data Management ,
Economic Sanctions ,
EU ,
Financial Institutions ,
General Data Protection Regulation (GDPR) ,
Know Your Customers ,
Office of Foreign Assets Control (OFAC) ,
Personal Data ,
Private Equity ,
Regulatory Requirements ,
Sanction Violations ,
UK ,
White Collar Crimes
On 14 October, President Donald Trump issued Executive Order 13894, Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Syria (EO).
...more
10/18/2019
/ Blocked Person ,
Economic Sanctions ,
Executive Orders ,
Foreign Financial Institutions (FFI) ,
Foreign Policy ,
Foreign Relations ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
SDN List ,
Syria ,
Trump Administration ,
Turkey ,
Unauthorized Transactions
On 2 August the United States announced that it will impose a second round of sanctions on Russia pursuant to the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991 (CBW Act) (22 U.S.C. § 5601 et...more
On 5 August 2019 the Trump administration issued Executive Order 13884 (the executive order) imposing sweeping sanctions against the government of Venezuela, including its agencies and instrumentalities as well as any...more
On 2 May 2019, the U.S. Treasury's Office of Foreign Assets Control ("OFAC"), the agency responsible for enforcing economic sanctions, published "A Framework for OFAC Compliance Commitments" (the "Framework") which outlines...more
7/3/2019
/ Cooperative Compliance Regime ,
Economic Sanctions ,
Failure to Comply ,
Foreign Policy ,
Foreign Relations ,
Framework Agreement ,
Fund Managers ,
Internal Controls ,
Investment Funds ,
Investment Management ,
Office of Foreign Assets Control (OFAC) ,
Private Equity ,
Risk Assessment ,
Sanction Violations
On 2 May 2019 the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued "A Framework for OFAC Compliance Commitments" (the framework), which outlines five components OFAC considers to be essential...more
Transposing more than 40 years of EU legislations is not straightforward, including when it comes to EU sanctions laws. In this context, UK secondary legislations are needed to replace references in sanctions laws to Member...more
On 28 January 2019, the Department of Treasury’s Office of Foreign Assets Control (OFAC) designated Petróleos de Venezuela, S.A. (PdVSA) as a Specially Designated National (SDN) for operating in the oil sector of the...more