The UK has designated (notice) 2 groups and 4 individuals allegedly connected to violence and human rights abuses against Palestinian communities in the West Bank under its global human rights sanctions regime: Hilltop Youth, a nationalist Israeli youth group which establishes settler outposts across the West Bank; Lehava, an organisation which the FCDO says facilitates […] The post UK designates West Bank settlers appeared first on Global Sanctions ..read more

OFAC has de-listed Malta and Russia-based Emperor Aviation Ltd and 7 related aircrafts. Emperor Aviation was designated in November 2022 for allegedly having coordinated luxury travel for the immediate family of Suleyman Kerimov, a US-designated Russian senator. The post OFAC de-lists Malta & Russia-based aircraft management company appeared first on Global Sanctions ..read more

OFAC has designated (notice) 5 individuals and 2 entities for allegedly helping US-designated Hizballah money exchanger Hassan Moukalled, and his company, CTEX Exchange, circumvent sanctions: Lebanon-based Adnan Mahmoud Youssef, an employee of CTEX Exchange who set up companies in the UAE for Moukalled; UAE-based Mazen Hassan al-Zein, who acted as Moukalled’s representative in various business deals, […] The post OFAC designates individuals & companies supporting Hizballah financial advisor appeared first on Global Sanctions ..read more

The UK has added Norway as a partner country for the iron & steel import sanctions and updated its monitoring and enforcement guidance on import sanctions on Russian diamonds and iron & steel. The monitoring and enforcement guidance encourages “all parts of the supply chain for third country processed imports to the UK to undertake […] The post UK updates Russian import sanctions guidance appeared first on Global Sanctions ..read more

The Isle of Man Sanctions Act 2024 came into operation on 1 May 2024 (Govt webinar).  The new Act alongside the Sanctions (Implementation of UK Sanctions) Regulations 2024 (in force 2 May 2024): consolidates and simplifies sanctions regimes and restrictions into one place (currently spread out over 2 Isle of Man Acts and 1 Act […] The post Isle of Man introduces new Sanctions Act appeared first on Global Sanctions ..read more

The US District Court of the Southern District of New York has granted JPMorgan an antisuit injunction ordering VTB Bank to immediately discontinue its proceedings in Russia and cease all efforts to enforce the freezing order granted by the Russian court against JPMorgan (judgment). Earlier this month, the Arbitration Court of the St Petersburg and […] The post US court grants JPMorgan anti-suit injunction against VTB in sanctions case appeared first on Global Sanctions ..read more

OFSI has updated Chapter 3 (Case assessment) of its sanctions enforcement and monetary penalties guidance which outlines how OFSI assesses potential or actual breaches of sanctions. OFSI’s enforcement responses include: (a) issue a warning; (b) refer regulated professionals or bodies to their relevant professional body; (c) publish information pertaining to a breach; (d) impose a […] The post OFSI updates sanctions enforcement guidance appeared first on Global Sanctions ..read more

OFAC has designated (notice) almost 200 individuals and entities and the Department of State has designated over 80 individuals and entities for supporting Russia’s economy and imports, including targets in Azerbaijan, Belgium, Kyrgyzstan, Malaysia, the PRC, Russia, Singapore, Slovakia, Türkiye, and the UAE enabling Russia to acquire technology and equipment from abroad. Although no foreign […] The post US designates almost 300 Russian & third-country companies for circumvention of Russia sanctions appeared first on Global Sanctions ..read more

The EU Commission received 23 responses to its White Paper (fact sheet) on the coordination of export controls between EU member states (previous post) from business associations, trade unions, companies, and NGOs. Feedback includes both support for and criticism of enhanced export control coordination. For example, the Confederation of Finnish Industries EK “welcomes the White […] The post EU Commission receives 23 responses to White Paper on export controls appeared first on Global Sanctions ..read more

US national, Nikolay Grigorev, has pleaded guilty to a conspiracy to export $250,000 worth of US drone technology to Russian companies, including US-designated SMT-iLogic, in violation of US sanctions and export controls. Grigorev was charged alongside 2 co-defendants, Salimdzhon Nasriddinov and Kristina Puzyreva in October 2023. The post US national pleads guilty to conspiracy to export dual-use electronics to Russia appeared first on Global Sanctions ..read more