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February 21, 2013 HMT Updates

Three updates yesterday from Her Majesty’s Treasury… First, the Iraq sanctions… Council Regulation (EU) No 85/2013 amends Council Regulation (EC) No 1210/2013 to permit transfer of frozen assets to the entity which has succeeded the Development Fund for Iraq set up by the Iraqi government. The notice includes the routing […]

First, do no harm…

The old Will Rogers saying goes, “when you find yourself in a hole, stop digging”. Unfortunately, American Optisurgical didn’t know that saying. OFAC just released the settlement with American Optisurgical today. They got penalized for 36 export violations of unlicensed medical equipment to Iran, in violation of the ITSR (Iranian […]

February 19, 2013: HMT Updates North Korean sanctions

Her Majesty’s Treasury updated its North Korean sanctions list today, in accordance with the EU’s updates yesterday, which were detailed in Commission Implementing Regulation (EU) No 137/2013. The following individuals were added: 1. CHANG, Myong-Chin DOB: (1) –/–/1966. (2) –/–/1965. a.k.a: JANG, Myong-Jin Position: General Manager of the Sohae Satellite […]

Stronger EU sanctions on North Korea

Monday, the EU made the following changes to its sanctions on North Korea: Adopted the additional sanctions in UN Resolution 2087. This includes an increase in the number of listed persons (26) and entities (33) subject to travel bans and asset freezes. Banned the export and import of components key […]

HMT Update: Suliman Hamd Suleiman Al-Buthe removal

On, Monday, the following individual was removed from Her Majesty’s Treasury’s Al-Qaida sanctions list, after an EU regulation (Council Implementing Reguation (EU) No 132/2013) removing him: AL-BUTHE, Suliman, Hamd, Suleiman DOB: 08/12/1961. POB: Cairo, Egypt a.k.a: (1) AL BATHA, Sulayman, Hamad, Sulayman (2) AL BUTHI, Soliman, H, S Nationality: Saudi […]

Sanctions Oversight in the UK

The UK government has had David Anderson conduct independent reviews of the Terrorist Asset-Freezing etc. Act 2010, the second being concluded recently. Today, Her Majesty’s Treasury responded positively to the following recommendation: The Treasury should routinely provide any formerly designated individual or group who requests one with a written statement […]