In May the UK passed the Sanctions and Anti-Money Laundering Act 2018. Now, in light of the relative certainty as to how the UK sanctions regime will work post-Brexit, a Projet de Loi has been laid before the States of Guernsey to Brexit-proof local sanctions legislation and to address designation of a person under the […]

The European Union Financial Sanctions (Amendment of Information Provisions) Regulations 2017 (the regulations) came into force on 8 August. The regulations extend to independent legal professionals and other relevant businesses or professionals the requirement to inform the Office of Financial Sanctions Implementation (OFSI) of known or suspected financial sanctions breaches. (An independent legal professional is defined in […]

The EU has recently made certain amendments to its sanctions in relation to Libya and Syria which are, in summary, that: the criteria for designating individuals and entities as subject to the Libya-related asset freeze have been amended; certain amendments have been made to the existing Libya asset freeze list; certain other non-substantive amendments have […]

The EU has recently announced an extension of its sanctions imposed in response to the situation in Ukraine.  EU leaders had previously confirmed that the duration of sanctions affecting Russia would be linked to the implementation of the Minsk Agreements, currently foreseen to be completed by 31 December 2015.  The EU has therefore taken steps […]

The Council of the European Union has published a revised version of its guidance on financial sanctions, “EU Best Practices for the Effective Implementation of Restrictive Measures”. The revised guidance provides some clarification of the many issues which arise in practice for both Member States and for persons and entities subject to financial sanctions or […]

The Council of the European Union recently published a revised version of the EU Best Practices for the effective implementation of restrictive measures. http://bit.ly/1IdXs8c The guidance it contains provides some clarification of the many issues which arise in practice for both Member States and for persons and entities subject to sanctions or otherwise affected by […]

Herbert Smiths Corporate Crime and Investigations team have published an e-bulletin summarising recent developments in the EU’s sanctions imposed against Russia. It includes points of interest arising from the recent judgment in Rosneft’s judicial review application, which concerned certain aspects of the UK’s implementation of the sanctions. The High Court has referred a number of […]

Please be advised that the United Nations Security Council (‘UNSC’) has added to or amended the details of individuals and/or organisations on its sanctions lists. For the purposes of this notice there are currently no additions or amendments to the details of individuals and/or organisations on UNSC sanctions lists. This/these individuals and/or organisations are expected […]