The US Bureau of Industry and Security has published an interim final rule amending the Export Administration Regulations removing Commerce Control List licence requirements to allow Commerce-controlled military items, missile technology-related items, and hot section engine-related items to be exported or re-exported to the UK and Australia without a licence. Licence requirements remain in place […] The post US reduces licensing requirements for exports to UK & Australia appeared first on Global Sanctions ..read more

The UK Charity Commission has launched a “statutory inquiry to investigate funds raised for charitable purposes by and on behalf of Aozma Sultana”. The Charity Commission is concerned that 2 UK companies, Aakhirah Limited and Al-Qureshi Executives, of which Ms Sultana was the sole director, may have misappropriated thousands of dollars of donations which were […] The post UK Charity Commission investigates companies for funding pro-Hamas news agency controlled by designated person appeared first on Global Sanctions ..read more

A draft proscription order has been made against the Terrorgram collective in the UK Parliament. According to the UK Home Office, the Terrorgram collective is “an online network of neo-fascist terrorists who produce and disseminate violent propaganda to encourage those who consume its content to engage in terrorist activity”. If agreed by Parliament, the order […] The post UK to proscribe Terrorgram as terrorist organisation appeared first on Global Sanctions ..read more

The US DOJ has announced the unsealing of indictment charging 10 defendants with conspiring to violate the International Economic Emergency Powers Act by evading US export controls and sanctions on Petróleos de Venezuela SA.   1 of the defendants, George Clemente Semerene Quintero, was arrested last week in Miami International Airport. As alleged in the indictment, […] The post 10 individuals charged for unlawfully exporting US aircraft parts to Venezuela appeared first on Global Sanctions ..read more

The Luxembourg financial services regulator (CSSF) has fined Fuchs & Associés Finance SA, a Luxembourg-based investment firm currently in liquidation, €785,000 for AML and sanctions compliance failings. Amongst other things, the firm is alleged to have “failed to undertake screening controls to detect [designated individuals and entities] for all clients of the trading desk” and […] The post Luxembourg fines investment firm €785,000 for AML & sanctions compliance failings appeared first on Global Sanctions ..read more

OFAC has designated (notice) 2 companies and 4 individuals allegedly involved in malicious cyber activity on behalf of the Iranian Islamic Revolutionary Guard Corps Cyber Electronic Command: Mehrsam Andisheh Saz Nik, formerly known as Mahak Rayan Afzar, allegedly an IRGC-CEC front company associated with a multi-year campaign targeting over a dozen US companies and government […] The post OFAC designates Iranian cyber actors targeting the US appeared first on Global Sanctions ..read more

Following an evidence session of the UK Foreign Affairs Committee’s inquiry into the situation in Ukraine and the UK’s response, FCDO Minister Anne-Marie Trevelyan MP has written a letter to the Chair of the Committee, saying: OFSI has received frozen asset reports related to 212 Russia designated persons between February 2022 and October 2023 (see our post […] The post Minister says OFSI to impose penalties for Russia sanctions breaches in 2024 appeared first on Global Sanctions ..read more

The UK Supreme Court has dismissed an appeal against the decision of the Court of Appeal to grant an anti-suit injunction against proceedings brought by RCA (a subsidiary of Gazprom) in Russia against UniCredit.  The underlying dispute is about non-payment by UniCredit under bonds issued to RCA on the grounds that it was prohibited from […] The post UK Supreme Court upholds anti-suit injunction preventing Russian proceedings in sanctions case appeared first on Global Sanctions ..read more

The Guernsey Policy & Resources Committee has added guidance on de-listing and the unfreezing of funds, and it has added forms for reporting, challenging designations, and making designation proposals.  Please see our Guernsey page for details and links. Key aspects of new de-listing guidance: Unfreezing Guidance: individuals who are not designated but have the same […] The post Guernsey updates sanctions guidance on de-listing & unfreezing of funds appeared first on Global Sanctions ..read more

OFAC has issued General License No. 94 authorising transactions involving OWH SE iL (formerly known as VTB Bank Europe SE) and entities owned by it and unblocking all property and interests of OWH SE iL entities. Earlier this month, OFAC de-listed OWH SE iL from Russia sanctions list. The post OFAC issues licence for transactions involving VTB Bank Europe appeared first on Global Sanctions ..read more