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EU seeks sanctions enforcement consistency

Sanctions: Council requests European Parliament consent to add the violation of restrictive measures to the list of EU crimes The Council today requested the European Parliament’s consent on a decision to add the violation of restrictive measures to the list of ‘EU crimes’ included in the Treaty on the Functioning […]

Fixer-upper no more: UK prohibits maintenance for oligarchs and their stuff

Press release Oligarchs’ aircraft and ships targeted through new legal powers New UK government legislation prohibits maintenance on aircraft or ships belonging to sanctioned Russian oligarchs or their businesses.From:Foreign, Commonwealth & Development Office, Department for Transport, The Rt Hon Elizabeth Truss MP, and The Rt Hon Grant Shapps MPPublished30 March 2022 UK puts […]

Guilty Pleas for BSA Violations by Crypto Exchange

Department of Justice U.S. Attorney’s Office Southern District of New York FOR IMMEDIATE RELEASE Thursday, February 24, 2022 Founders Of Cryptocurrency Exchange Plead Guilty To Bank Secrecy Act Violations Arthur Hayes and Benjamin Delo Designed BitMex as a Platform to Flout U.S. Anti-Money Laundering Rules  Damian Williams, the United States […]

Companies House notice about new UK AML bill

What the Economic Crime (Transparency and Enforcement) Bill and the corporate transparency and register reform white paper means for Companies House Posted by: Louise Smyth – Chief Executive and Registrar of Companies and Martin Swain – Director of Strategy, Policy and External Communications, Posted on: 3 March 2022 – Categories: Companies House transformation This week, the government has […]

UK expands sanctions on Russia

Press release Strengthened UK Russian sanctions legislation comes into force Legislation has been laid in Parliament today to toughen and expand the UK’s sanctions regime against RussiaFrom:Foreign, Commonwealth & Development Office, The Rt Hon James Cleverly MP, and The Rt Hon Elizabeth Truss MPPublished10 February 2022 The Government now has the power […]

OFAC Actions: Ethiopia Sanctions Regulations published, penalties indexed for inflation under FCPIAA

Issuance of Ethiopia Sanctions Regulations; Implementation of the Federal Civil Penalties Inflation Adjustment Act Release date 02/08/2022 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing the Ethiopia Sanctions Regulations to implement Executive Order 14046 of September 17, 2021, “Imposing Sanctions on Certain Persons with Respect to the Humanitarian and […]