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UK Sanctions List last updated

UK Govt hosts a senior US government delegation for the second US-UK Strategic sanctions dialogue

The  US and UK reaffirmed that sanctions and export controls are essential tools of national security policy. The delegations discussed the uses of targeted, coordinated sanctions and export control measures to deter and disrupt malign activity and to defend international norms…

UK Govt adds three entries to the UK sanctions list under the Global Anti-Corruption regime

The Regulations provide for the imposition of financial sanctions, namely the freezing of funds and economic resources persons who are or have been involved in serious corruption…

OFSI issues new FAQs on UK sanctions and updated enforcement guidance

The FAQs are designed to complement existing guidance, which will continue to take precedence along with the relevant legislation. FAQs will be published on an “as- needed” basis, focusing on areas where new guidance would be beneficial to a substantial audience. These may include significant policy changes, new general licences (“GLs“), enforcement actions or wider implementation problems…

UK authorities invite private sector entities to take the UK Sanctions Perceptions Survey

The FCDO released a UK Sanctions Perceptions Survey to provide the public with an opportunity to anonymously inform the UK Government of how UK sanctions impact their businesses. According to the FCDO, the survey, which should take between 30 and 45 minutes to complete, is intended to help the UK Government gain an understanding of the impact of sanctions on private sector companies and non-government organizations (“NGOs”) and enable the government to identify ways …

UK House of Lords debates Russia sanctions, seizure and secondary sanctions

The UK House of Lords debated the potential review of sanctions against Russian individuals in light of President Putin’s re-election and the continuing war in Ukraine.  The House of Lords considered inter alia evidence that most Russian exports exceed the price cap, the potential need for more targeted action and the importance of tackling the circumvention of sanctions…

OFSI publishes blog post on staying compliant with financial sanctions in the maritime sector

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 ongoing training and awareness programmes and procedures, and invest in technology and screening tools…

OFSI issues new General Licence for the wind down of transactions involving two Turkish shipping companies under the Russia Regulations

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…

UK Govt adds two individuals and one entity to the UK sanctions list under the Cyber regime

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 parliamentarians…

OFSI publishes survey on threats to financial sanctions compliance

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.

OFSI issues General Licence INT/2024/4576632 under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019

Relates to Active Denizcilik and Beks Ships and allows for Transit to Port and Wind Down.

OFSI publishes blog on 2024 Crown Dependencies and Overseas Territories Sanctions Forum

The CDs and OTs play a vital role in implementing and enforcing UK sanctions and countering circumvention in partnership with UK authorities. This collaborative effort helps to ensure that the UK sanctions regime is robust and that our measures have their intended impact…