by AdrianaAMLP | Feb 28, 2024
The maritime shipping industry is crucial for global trade and growth, linking countries and economies worldwide. However, because of its global reach, it faces unique challenges with financial sanctions. To help businesses navigate these complexities and ensure...
by Jyotsna Bucktowar | Dec 27, 2023
The amendment prohibits UK banks from processing payments that have been previously processed by a designated bank, or are intended for a designated bank. These transactions are prohibited even if the account holders that send and receive the funds are not designated,...
by Jyotsna Bucktowar | Dec 16, 2023
OTSI is a strategic move by the UK Govt to tighten the screws on companies evading Russian sanctions, further strengthening the UK’s sanctions system. OTSI is set to launch in early 2024 and will sit alongside the OFSI…
by Jyotsna Bucktowar | Dec 15, 2023
The NCA and OFSI have issued an alert to inform the UK financial sector about common methods suspected to be used by Russia to bypass the sanctions imposed by the UK on Russia in the aftermath of the invasion of Ukraine in early 2022…
by AdrianaAMLP | Dec 15, 2023
Details 35 regimes and 3883 designations, including broad and severe sanctions imposed against Russia.
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