On 7 September 2023, the European Commission (Commission) published a guidance note (the Guidance) for EU businesses on the circumvention of sanctions. The Guidance outlines the essential components for a company’s compliance...more
9/29/2023
/ Best Practices ,
Compliance ,
Due Diligence ,
EU ,
European Commission ,
Financial Institutions ,
New Guidance ,
Regulatory Agenda ,
Risk Assessment ,
Russia ,
Sanctions
Since the publication of our March 24, 2022, and March 17, 2022, client alerts, the U.S., U.K. and European Union, among other allied nations, have imposed additional sanctions and export controls on key elements of the...more
5/2/2022
/ Blocking Sanctions ,
Economic Sanctions ,
EU ,
European Commission ,
Export Controls ,
Exports ,
Financial Institutions ,
Foreign Policy ,
Foreign Relations ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Russia ,
UK
Since the publication of our 9 March 2022 client alert, the US, UK and EU and other allied nations have imposed additional sanctions and export controls on key elements of the Russian economy. This client alert summarizes the...more
3/25/2022
/ Asset Freeze ,
Belarus ,
Blocking Sanctions ,
Economic Sanctions ,
EU ,
European Commission ,
Export Controls ,
Russia ,
Tariffs ,
UK ,
Ukraine