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
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…
by AdrianaAMLP | Apr 1, 2024
Targets Oceanlink Maritime DMCC for facilitating the shipment of Iranian commodities on behalf of Iran’s Armed Forces General Staff (AFGS) and Ministry of Defense and Armed Forces Logistics (MODAFL). OFAC is also identifying 13 vessels managed by Oceanlink Maritime...
by Jyotsna Bucktowar | Apr 1, 2024
The sanctioned organisation, Wuhan Xiaoruizhi Science and Technology Company Ltd, is believed to be operating on behalf of the Chinese Ministry of State Security, acting in support of malicious cyber activity that targeted UK officials, government entities and...
by Jyotsna Bucktowar | Apr 1, 2024
OFSI released a survey to gather industry perspectives and invite users to contribute to efforts in strengthening financial sanctions compliance. The survey takes approximately 10 minutes to complete and is open until April 12, 2024, at 5pm.
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