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Faster, faster, pussycat…

Press release Further measures to move faster with sanctions and clamp down on Putin’s regime The Government has put forward series of amendments to the Economic Crime (Transparency and Enforcement) Bill to crack down on corrupt elites and ramp up pressure on Putin’s regime.From:Foreign, Commonwealth & Development Office, The Rt Hon […]

OFSI updates its Russia sanctions regulations

New Sanctions measures – Russia regime As part of updated regulations in the Russia sanctions regime, there are new restrictions on the provision of financial services for the purpose of foreign exchange reserve and asset management. The Russia (Sanctions) (EU Exit) (Amendment) (No. 5) Regulations 2022 prohibit a UK individual or entity from […]

New expanded UK Russia sanctions regulations now in force

New Russia regime regulations in force On 10th February 2022, The Russia (Sanctions) (EU Exit) (Amendment) Regulations 2022 came into force. The regulations amend the designation criteria of The Russia (Sanctions) (EU Exit) Regulations 2019. Designation critieria now includes those who have been involved in obtaining a benefit from or supporting the Government of Russia. […]

EU expands sanctions criteria for Mali

Link: Council of the EU Press release 13 December 2021 10:30 Mali: EU sets up autonomous framework for sanctions against those obstructing the political transition The Council today amended its sanctions regime in view of the situation in Mali, establishing new criteria that will allow the EU to autonomously impose restrictive […]

OFAC updates two programs: amendments to Syria Sanctions Regulations & its FAQs – and updates Venezuela GL 8

Publication of Amended Syria Sanctions Regulations and Related Frequently Asked Questions; Issuance of Venezuela-related General License 8I Release date. 11/24/2021 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is adopting a final rule amending the Syrian Sanctions Regulations, 31 CFR part 542, to expand an existing authorization related […]

Did you read OFAC FAQ 936?

It says that Hidri Trust and Red Sea Trading Corporation are not subject to the 50 Percent Rule. How does that happen? Section 2(b) of Executive Order includes the following: No entity shall be blocked pursuant to this order solely because it is owned in whole or in part, directly […]