April 11, 2022: 3 amendments to OFSI Russian sanctions
Yesterday, UK regulators amended the following individual Russia sanctions listings: 1. FEDOROV, Evgeny AlekseevichName (non-Latin script): Фёдоров Евгений АлексеевичDOB: 11/05/1963. POB: Lenningrad,...
View ArticleApril 11, 2022: OFAC take the – and giveth – to the Balkans sanctions program
Yesterday, OFAC added the following persons: GRUEVSKI, Nikola (Cyrillic: ГРУЕВСКИ, Никола), Hungary; Skopje, North Macedonia, The Republic of; DOB 31 Aug 1970; POB Skopje, North Macedonia; nationality...
View ArticleOFSI takes out some trash
OFSI revokes General Licence – Russia OFSI has revoked General Licence INT/2022/1438977. This is following the sale of Russian Railways’ stake in GEFCO to non-designated persons, meaning GEFCO is no...
View ArticleEU makes humanitarian exemptions from Ukraine-related sanctions
EU introduces exceptions to restrictive measures to facilitate humanitarian activities in Ukraine In view of the humanitarian crisis resulting from Russia’s unprovoked and unjustified invasion of...
View ArticleOFAC updates Lazarus Group’s DPRK listing
OFAC has updated the following existing North Korea sanctions listing: LAZARUS GROUP (a.k.a. "APPLEWORM"; a.k.a. "APT-C-26"; a.k.a. "GROUP 77"; a.k.a. "GUARDIANS OF PEACE"; a.k.a. "HIDDEN COBRA";...
View ArticleApril 19, 2022: OFAC issues a Ukraine-related Fact Sheet, and issues a new...
Publication of Fact Sheet on Preserving Agricultural Trade, Access to Communication, and Other Support to Those Impacted by Russia’s War Against Ukraine; Issuance of Russia-related General License 27...
View ArticleApril 19 Fact Sheet: Russian Harmful Foreign Activities Sanctions
Russian Harmful Foreign Activities Sanctions Program Treasury’s Russian Harmful Foreign Activities sanctions program is codified at 31 CFR part 587 (Russian Harmful Foreign Activities Sanctions...
View ArticleApril 19, 2022 Fact Sheet: Ukraine/Russia-related Sanctions
Ukraine-/Russia-related Sanctions Program The Ukraine-/Russia-related sanctions program is codified in part at the Ukraine Related Sanctions Regulations, 31 CFR part 589. The Ukraine-/Russia-related...
View ArticleApril 19, 2022 Fact Sheet: LNR/DNR authorized activities
Authorized activities involving the so-called DNR and LNR regions of Ukraine: While the DNR and LNR regions of Ukraine are comprehensively blocked pursuant to E.O. 14065, OFAC maintains several GLs...
View ArticleSberbank Kazakhstan gets a General License from OFAC
Issuance of Russia-related General License 26 Release date 04/12/2022 Body The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 26...
View ArticleOFAC adds, updates Russia-related sanctions designations, issues 2 new GLs
Today, OFAC added the following persons: ALEKSEEV, Mikhail Yurevich (Cyrillic: АЛЕКСЕЕВ, Михаил Юрьевич) (a.k.a. ALEKSEEV, Mikhail; a.k.a. ALEKSEYEV, Mikhail Yurievich; a.k.a. ALEXEEV, Mikhail...
View ArticleYou ask? OFAC answered!
OFAC just published the following Russian Harmful Foreign Activities Sanctions-related Frequently Asked Question (FAQ): 1030. What obligations do operators of credit card systems have under the...
View ArticleOFSI amends a Russia bank-related wind-down transaction General Licence
Amendment to OFSI General Licence Notice OFSI has amended the notice for General licence INT/2022/1424276 under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019. General Licence...
View ArticleAn enforcement two-for: OFAC fines two US firms’ Suriname operations for...
For now, let’s just give you the headlines and the links… after I review the documents, I may devote posts to the details… Settlement Agreements between the U.S. Department of the Treasury’s Office of...
View ArticleApril 21, 2022: New OFSI Russia General Licence for gas-related payments to...
OFSI General Licence – Russia OFSI has issued General Licence INT/2022/1630477 under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019 to allow payments to Gazprombank or a Subsidiary...
View ArticleOFSI amends Russia-related banking General Licence
Amendment to OFSI General Licence OFSI has amended General licence INT/2022/1280876 under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019. General Licence INT/2022/1280876 was...
View ArticleOFAC updates Lazarus Group designation, and removes some narcotics...
OFAC has updated the following North Korea sanctions designation: LAZARUS GROUP (a.k.a. "APPLEWORM"; a.k.a. "APT-C-26"; a.k.a. "GROUP 77"; a.k.a. "GUARDIANS OF PEACE"; a.k.a. "HIDDEN COBRA"; a.k.a....
View ArticleEnforcement Down Under: $6MM+ OFAC settlement with Toll Holdings Limited
Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Toll Holdings Limited 04/25/2022 The United States Department of the Treasury’s Office of...
View ArticleOFAC updates two Ukraine/Russia-related GLs, and updates FAQs – turning up...
Issuance of Ukraine-/Russia-Related General Licenses; Publication of amended Frequently Asked Questions 04/25/2022 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing...
View ArticleNew OFSI General Licence (falls under Russia & Global Anti-Corruption programs)
OFSI General Licence – GAC and Russia OFSI has issued General Licence INT/2022/1679676 under Regulation 21 of the Global Anti-Corruption Sanctions Regulations 2021 and Regulation 64 of the Russia...
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