Russia: Council renews economic sanctions over Ukrainian crisis for six more months Why did the EU impose sanctions on Russia? The Council today decided to renew the sanctions targeting specific economic sectors of the Russian Federation for a further six months, until 31 January 2021. This decision follows the latest assessment of the state […]
June 25, 2020: State Department statement on those OFAC Iran designations HKMA Alert: Fraudulent Hang Seng Bank website Random Thought of the day: Sanctioning ship captains SECO amends a raft of Syrian designations
09 Jun 2020 Fraudulent website related to Union Bancaire Privée, UBP SA The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Union Bancaire Privée, UBP SA on fraudulent website, which has been reported to the HKMA. Hyperlink to the press […]
Earlier today, Swiss regulators issued a massive set of amendments to Syrian sanctions designations. The PDF runs 64 pages, and the amendments don’t have any easily-apparent pattern… Links: FINMA Notice Data files of updates – PDF, XML
So, what’s the point of OFAC designating 5 Iranian ship captains? Is there even a remote chance any of their assets are not in Iran? Another thought: how do these folks ever get off the list? If they quit hauling oil tankers for IRISL, and start captaining ships that have […]
08 Jun 2020 Fraudulent website related to Hang Seng Bank, Limited The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Hang Seng Bank, Limited on fraudulent website, which has been reported to the HKMA. Hyperlink to the press release is […]
The United States Imposes Sanctions with Respect to Iran’s Metal Industry PRESS STATEMENT MICHAEL R. POMPEO, SECRETARY OF STATE JUNE 25, 2020 Share The Iranian regime uses revenue it receives from the export of metals to provide funding for the Islamic Revolutionary Guard Corps, a designated Foreign Terrorist Organization, and […]
HKMA Alert: Suspicious Bank of China mobile app Random Thought of the Day: Round and round we go… OFAC goes global in its pursuit of Iran…
Today, OFAC added the following entities to its Iran-related sanctions program: BETTER FUTURE GENERAL TRADING CO LLC, P.O. Box 4358, Dubai, United Arab Emirates; Additional Sanctions Information – Subject to Secondary Sanctions; License 561490 (United Arab Emirates); Registration Number 90960 (United Arab Emirates) [IRAN-EO13871] (Linked To: ESFAHAN’S MOBARAKEH STEEL COMPANY). […]
At work, someone asked me to explain a case of circular ownership, and it got me to thinking that the reasoning is interesting to share. I think it’s similar to another piece of commentary I’ve given recently, but still worth explaining in this context… Company A is 45% owned by […]
