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More corrections by OFSI

Amendments to the Consolidated List 44 individuals and entities have been amended in the Consolidated List of Asset Freeze Targets. This follows an update to the UK Sanctions List. Amendments have been made to entries in the Belarus, Burma, Chemical Weapons, Democratic People’s Republic of Korea, Democratic Republic of the Congo, […]

About the new OFSI General License…

When I first got notice of the General License INT/2020/059 issued under the UK’s The Russia (Sanctions) (EU Exit) Regulations 2019, I thought “oh, wow! Something new and novel.” And, don’t get me wrong – there’s a lot to like in it, like the prior notification and reporting requirements. But […]

New Year, new regime – new UK General License

General licence – INT/2020/059 OFSI has the power to issue General Licences for country sanctions regimes under the Sanctions and Anti-Money Laundering Act 2018 (“the Sanctions Act”). On 1 January 2021, OFSI issued General Licence INT/2020/059 under Regulation 64 of The Russia (Sanctions) (EU Exit) Regulations 2019 (“The Russia Regulations”). […]

EU extends Russia sanctions for yet another half-year….

Russia: The EU prolongs economic sanctions for another six months The Council today decided to prolong the restrictive measures currently targeting specific sectors of the Russian economy until 31 July 2021. These sanctions were imposed in 2014 in response to Russia’s actions destabilising  the situation in Ukraine. The Council decision follows the latest assessment […]

What gives a sanctions person nightmares?

The OFAC 50 Percent Rule, and whether or not it applies to the Chinese Military Companies program, of course. It’s a short way of saying, I have a new episode of Mr. Watchlist’s DesigNation – Mr. Watchlist’s Nightmare. Now, I’m experimenting here… hopefully, a little web player just appeared… if […]