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OFSI imposes 2nd sanctions penalty

This one makes more sense – because it has much more detail than the Raphaels Bank one, to which is it related… Unfortunately, the notice doesn’t cut and paste at all, so let me give you the highlights: Travelex (UK) Ltd was fined 10,000 GBP for processing that same 204 […]

OFSI imposes its first fine on Raphaels Bank

Report of Penalty for Breach of Financial Sanctions Regulations (section 149(2) PACA 2017 report) Imposition of Monetary Penalty – Raphaels Bank Penalty imposed on: R. Raphael & Sons plc trading as Raphaels Bank (Raphaels Bank) 1. On Monday, 21 January 2019 the Office of Financial Sanctions Implementation (OFSI), part of […]

March 22, 2018: EU, HMT remove Egypt sanctions listings

Yesterday, Her Majesty’s Treasury (HMT) implemented Council Implementing Regulation (EU) No 2018/465 by removing the following Egypt sanctions designations:  EZZ, Ahmed, Abdelaziz DOB: 12/01/1959. Other Information: Male. Former Member of the Parliament. Listed on: 22/03/2011 Last Updated: 22/03/2011 22/03/2018 Group ID: 11673 SALAMA, Abla, Mohamed, Fawzi, Ali, Ahmed DOB: 31/01/1963. […]

March 24, 2017: EU, HMT update Egyptian sanctions

On Friday, Her Majesty’s Treasury (HMT) implemented Council Implementing Regulation (EU) No 2017/490 and 491 by removing the following 4 persons from the Egyptian sanctions program:    ELDIN Jaylane Shawkat Hosni Galal DOB: 08/01/1960. Other Information: Female. Spouse of Mohamed Zohir Mohamed Wahed Garrana. Listed on: 22/03/2011 Last Updated: 22/03/2011 […]

March 25, 2016: Finnish Regulatory Update

Financial sanctions Egypt Council Decision (CFSP) 2016/411  MARC organization (Daesh) and the Al-Qaida organization Council Decision (CFSP) 2016/368 Council Regulation (EU) 2016/363 Export and import restrictions MARC organization (Daesh) and the Al-Qaida organization Council Decision (CFSP) 2016/368  Council Regulation (EU) 2016/363 Travel Restrictions MARC organization (Daesh) and the Al-Qaida organization […]

Sweden Explains It All: Egypt

This is the historical background on the EU sanctions against Egypt: Egyptian President Hosni Mubarak and several ministers were forced to resign as a result of widespread popular protests in February 2011. The Egyptian authorities have initiated legal action against several of these individuals and those close to them on […]