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New rules for OFSI reporting…

Financial sanctions reporting obligations Reporting obligations measures in The Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2022 and The Sanctions (EU Exit) (Miscellaneous Amendments) (No.2) Regulations 2022 have taken effect. These regulations extend the definition of ‘relevant firms’ that have financial sanctions reporting obligations to cryptoasset exchange providers and custodian wallet providers. The expanded definition […]

Daily Digest for Friday, July 22, 2022

Australia adds 1 under Charter of the United Nations Act sanctions EU adds 54 persons, 10 entities to Russia sanctions Notice to exporters 2022/21: India OGEL updated Former Puerto Rico Mayor sentenced for taking bribes In the UK, insuring buildings and engineering services is a good thing….. Former Paraguayan President […]

Daily Digest for Tuesday, July 19, 2022

Medtronic workers indicted for million-dollar fraud & money laundering OFSI updates Russia guidance, issues investment wind-down General Licence Something’s coming for hostages and other detainees…. UN, SECO updates Dorda Abu Zayd Umar Libya sanctions listing Took it a while… here’s the new EO OFSI issues updated reporting guidance Justice Department […]

Daily Digest for Friday, July 15, 2022

July 14, 2022: Russia, Russia, Russia… again HKMA Website Alert: United Overseas Bank EU “maintenance and alignment” of Russia sanctions proposal adopted OFAC Food Security Fact Sheet: Russia Sanctions and Agricultural Trade July 12, 2022: OFSI amends both Russia & Belarus listings July 13, 2022: State Department statement on EU […]