Sanctions

Sanctions

OFAC Sanctions Eight Executives of Iranian Drone Maker

By Editors | 06/02/2023

The US has issued five rounds of designations of individuals and entities involved in transferring drones to Russia for use in Ukraine.

Sanctions

OFAC Targets Sanctions Evasion Network Supporting Russia

By Editors | 06/02/2023

Entities based in Singapore, Israel, Latvia, Cyprus, and Bulgaria were among those sanctioned for supporting sanctioned, state-owned Russian defence firms.

Sanctions

New Price Caps Targeting Russian Petroleum Products Take Effect

By Editors | 06/02/2023

A 55-day transitional period is provided for Russian petroleum products purchased and loaded onto vessels before 5 February and unloaded before 1 April 2023.

Enforcement

Barclays, UBS Face Scrutiny Over Ties to Sanctioned Russian

By Editors | 03/02/2023

The beneficial ownership of ten offshore trusts owned by Russian oligarch Roman Abramovich was changed shortly before he was sanctioned in the EU and UK.

Enforcement

South Korea Arrests Shipping Agent for DPRK Sanctions Violations

By Editors | 03/02/2023

The shipping agent was detained on charges relating to illegal shipments of diesel to North Korea conducted between October 2021 and January 2022.

AML / KYC

UK Deadline Passes for Foreign Property Owners to Declare Identity

By Manesh Samtani | 02/02/2023

The register has so far established that various billionaire businessmen, political donors, criminals, and sanctioned individuals own UK property through offshore jurisdictions.

Sanctions

US, Canada, UK Announce Fresh Myanmar Sanctions

By Editors | 01/02/2023

The sanctions come two years after the February 2021 military coup. Myanmar’s air force is among the targets for its civilian bombing campaign.

ESG / Sustainability

Australia Sanctions Targets in Iran, Myanmar for Human Rights Abuses

By Editors | 01/02/2023

The Australian government also announced sanctions against individuals and entities in Myanmar and Iran for violence and human rights abuses against their people.

Sanctions

Australia’s Autonomous Sanctions Framework to Undergo Review

By Editors | 31/01/2023

The review will consider whether Australia’s Autonomous Sanctions Regulations and its associated instruments remain fit for purpose and how they can be made more efficient.