UK Government introduces new sanctions measures and extends the reporting obligations to Cryptoasset exchange and custodian wallet providers. The UK Government has implemented new restrictions in relation to investments in...more
The Court of Justice of the EU has interpreted for the first time the Blocking Regulation. The ruling confirms that it is possible to terminate contracts with a US designated person without providing reasons. However, in...more
The updated version of the EU Blocking Regulation enters into force On 7 August 2018, the EU published: (1) Commission Delegated Regulation (EU) 2018/1100 (Amending Regulation)...more
On 6 June 2018, the European Commission ("Commission") adopted a draft Delegated Regulation expanding the scope of Council Regulation (EC) No 2271/96 ("EU Blocking Regulation") to include the extra-territorial aspects of the...more
6/8/2018
/ Blocking Statutes ,
Covered Transactions ,
EU ,
European Commission ,
Extraterritoriality Rules ,
Foreign Relations ,
Iran ,
Iran Sanctions ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Management
On 22 January 2018, the Council of the EU adopted two Implementing Regulations related to the EU restrictive measures targeting designated persons in Venezuela and the Democratic People's Republic of Korea ("DPRK")....more
The UK government has set out plans in this week’s Queen’s Speech for a new International Sanctions Bill (the “Bill“) that aims to ensure that the UK will continue to meet its international sanctions policy obligations and...more
The Policing and Crime Act 2017 (the “2017 Act“) has introduced measures to strengthen the effectiveness of the UK’s financial sanctions regime. The delay in the implementation of UN sanctions as a result of EU processes is...more