Our extensive knowledge at your fingertips

Economic Sanctions

Over 40 years of articles and reference material

A page dedicated to global, regional, UK and US Sanctions updates

Browse the resource database or make a sub-selection:

Latest editions

Search

FinCEN alerts financial institutions to the potential misuse of religious charities by the Iranian regime to divert khums donations to fund terrorism

The designations target financial arrangements that allegedly enabled Iranian entities to access US dollars and transfer oil revenues through shell companies, overseas banks and currency brokers. Treasury identified networks spanning the Middle East and Asia, including arrangements used to convert proceeds into cash and gold for transfer to Iran and associated groups…

OFAC sanctions 4 individuals and 11 entities linked to Mexico’s Cartel del Noreste for laundering drug proceeds through horse racing and other businesses

Treasury identified a network of companies allegedly used to channel money into political campaigns, obtain government contracts corruptly and support cross-border drug trafficking. The designations freeze affected US assets and highlight how organised crime groups exploit legitimate commercial sectors and political connections to sustain their operations…

EU adopts its largest-ever sanctions listing package, targeting 1,569 Russian individuals and entities linked to Russia’s military-industrial complex

The listed suppliers generate at least €20 billion in annual turnover and employ more than 250,000 people, providing critical components for missiles, drones, aircraft and other advanced weapons systems. Targeted products include semiconductors, communications equipment, aviation and missile systems, explosives and navigation technology. The listings impose asset freezes and prohibit making funds or economic resources available to…

OFAC reaches $175,015 settlement with freight forwarder Pegasus Worldwide Logistics over apparent sanctions and reporting violations

The freight forwarder facilitated the importation of machinery supplied by a sanctioned company between September 2023 and February 2024 and subsequently failed to provide complete information for six months. OFAC classified the conduct as non-egregious but not voluntarily disclosed, highlighting sanctions exposure in international logistics and the importance of responding promptly to regulatory inquiries…

OFSI updates its UK Financial Sanctions FAQs, adding guidance on the treatment of specific licences when a designated person is removed from the sanctions list

New FAQ 205 addresses the status of licences following delisting, providing additional guidance for organisations managing previously restricted transactions. The clarification is relevant to sanctions compliance teams reviewing licensing permissions and the continuing application of financial restrictions…

FCDO designates two Iranian nationals under the Iran (Sanctions) Regulations 2023 for facilitating or engaging in hostile activities on behalf of the Iranian regime

The individuals include an Islamic Revolutionary Guard Corps counterespionage official and a facilitator of the Zindashti criminal network, which authorities have linked to plots against Iranian dissidents. Both face immediate asset freezes, travel bans and director disqualification measures as the UK seeks to counter state-backed threats and transnational criminal networks.

UK imposes 38 new sanctions targeting Russia’s war effort, including oil companies, shadow fleet vessels, crypto exchanges linked to sanctions evasion and military suppliers

The measures target Russian oil companies Zarubezhneft and INK Capital, bringing more than 90% of Russia’s total oil production capacity within the scope of UK sanctions. A further 12 shadow fleet tankers were sanctioned, taking the total number of designated vessels to more than 600.
Three crypto exchanges and two payment platforms were also targeted over suspected sanctions circumvention, including links to the A7 illicit finance…

OFSI issues General Licence INT/2026/11080040, permitting the wind-down of certain transactions involving a designated person under the UK Russia sanctions regime

The licence permits parties to wind down or divest from transactions involving Zarubezhneft JSC and its subsidiaries, including closing out positions.
It also allows activities reasonably necessary to complete the wind-down, subject to the licence’s conditions. Affected parties must maintain complete records of permitted activities for at least six years. The licence expires at 23:59 on 21 November 2026…

OFAC Sanctions List last updated

EU Sanctions List last updated

UK Sanctions List last updated

OFAC removed 125 individuals and entities from its sanctions lists and updated 22 additional entries in latest push to modernise OFAC lists

The action removes deceased individuals, defunct entities and listings with insufficient identifying information, helping financial institutions and businesses reduce unnecessary screening alerts and potential false positives. The latest round reflects Treasury’s efforts to keep sanctions lists accurate, current and operationally effective, while reducing the compliance burden created by outdated or incomplete records…

No results found.