Earlier this week, the U.S. Office of Foreign Assets Control (OFAC) and the UK Office of Financial Sanctions Implementation (OFSI) published a Memorandum of Understanding (MoU), which was previously signed on October 9, 2024,...more
New UK enforcement body goes live and new powers granted to existing body, regulating those doing business in the UK.
UK trade sanctions enforcement risks are set to increase on October 10, 2024, as two government agencies...more
10/11/2024
/ Aviation Industry ,
Economic Sanctions ,
Enforcement ,
Export Controls ,
Financial Institutions ,
Financial Services Industry ,
HMRC ,
National Crime Agency (NCA) ,
Office of Financial Sanctions Implementation (OFSI) ,
Penalties ,
Reporting Requirements ,
Sanction Violations ,
Shipping ,
UK
On 24 June 2024, the EU adopted its 14th package of sanctions against Russia. The latest measures include: The designation of 116 additional individuals and entities across a number of industries for their responsibility in...more
7/10/2024
/ Asset Freeze ,
Corporate Counsel ,
Economic Sanctions ,
Energy Sector ,
EU ,
Export Controls ,
Exports ,
Financial Services Industry ,
Foreign Policy ,
Importers ,
Imports ,
Natural Gas ,
Russia ,
Ukraine ,
Vessels
On February 24, 2022, the United States (U.S.), European Union (EU), United Kingdom (UK), and other countries issued a barrage of sanctions against the Russian financial sector, cutting off many major banks from the global...more