by AdrianaAMLP | Apr 12, 2024
Certain actions will now be considered criminal offences in all member states, for example helping to bypass a travel ban, trading in sanctioned goods or performing prohibited financial activities. Inciting, aiding and abetting these offences can also be...
by Jyotsna Bucktowar | Apr 8, 2024
OFAC sanctioned thirteen entities and two individuals for operating in the financial services and technology sectors of the Russian Federation economy including persons developing or offering services in virtual assets that enable the evasion of U.S. sanctions. Five...
by Jyotsna Bucktowar | Apr 2, 2024
The key points include EU subsidiaries are prohibited from providing prohibited services to Russian parent companies, EU persons can still provide all services that are not prohibited in their capacity as employees of Russian entities, the prohibition applies to...
by Jyotsna Bucktowar | Apr 2, 2024
The blog provides guidance on how to stay compliant with sanctions in the maritime sector: verify the identity of customers, partners, and third party intermediaries, and consider all layers of ownership and control; implement robust compliance policies, conduct...
by Jyotsna Bucktowar | Apr 2, 2024
OFSI issued General Licence INT/2024/4576632 authorising certain activities relating to two Turkish shipping companies, “Active Denizcilik” and “Beks Ships”, which are each UK asset freeze targets…
Recent Comments