Standard Chartered reach a $340 million settlement New York’s financial regulator said Tuesday that his agency has reached a $340 million settlement with Standard Chartered Bank to resolve an investigation into whether the British bank schemed with the Iranian government to launder $250 billion from 2001 to 2007. The bank will pay the civil penalty […]

Lessons Learned from ING’s OFAC Violations & $619m Payout – On July 12th, the largest settlement was made between a bank and authorities over a clear violation of U.S. economic sanctions. ING Bank is paying a record $619 million dollar settlement after a joint investigation between the Department of Justice (DOJ) and the Manhattan District […]

JERSEY SANCTIONS – Latest News – 7 June 2012 Jersey Law Update: Community Provisions (Restrictive Measures – Guinea-Bissau) (Amendment) (Jersey) Order 2012 2 June 2012 Jersey Law Update: Community Provisions (Restrictive Measures – Guinea-Bissau) (Jersey) Order 2012 1 June 2012 New EU Sanctions against Guinea-Bissau 29 May 2012 Jersey Law Update: Community Provisions (Restrictive Measures […]

Status of EU Sanctions against Iran, Libya and Syria – The past year has seen the continued importance and effect of arms embargoes and economic sanctions imposed by the EU, the US and the UN against a number of States. Tensions between Western powers, and in certain instances the League of Arab States, on the […]

JFSC / JERSEY SANCTIONS – Latest News 17 May 2012 New EU Sanctions against Al-Qaida http://www.hm-treasury.gov.uk/d/fin_sanc_public_notice_reg415_2012.pdf 16 May 2012 Existing EU Sanctions against Burma/Myanmar suspended http://www.hm-treasury.gov.uk/d/fin_sanc_burma_reg409_160512.pdf 15 May 2012 New EU Sanctions against Syria http://www.hm-treasury.gov.uk/d/fin_sanc_notice_reg410_2012.pdf 14 May 2012 New EU Sanctions against Al-Qaida http://www.hm-treasury.gov.uk/d/fin_sanc_notice_reg403_2012.pdf 11 May 2012 Jersey Law Update: Community Provisions (Restrictive Measures – […]

Latest Jersey Sanction News – the List by Regime was Updated on 24 April 2012 as follows Jersey Law Update: Community Provisions (Restrictive Measures – Iran) (Amendment) (Jersey) Order 2012 New EU Sanctions Against Republic of Guinea-Bissau New EU Sanctions against Al-Qaida Money Laundering and Weapons Development (Directions) (Iran) (Jersey) Order 2012 – General Licences […]

GSY – New Sanction Measures against Iran – The States of Guernsey has adopted new sanction measures against Iran. The new sanctions carry forward the existing sanctions, introduce additional categories or persons as being subject to asset freezing provisions, and extend certain restrictions to the provision of insurance or reinsurance. Financial services businesses and prescribed […]

British firms caught sanctions-busting with Iran doubles in three years – Sanction-busting by British firms which trade with Iran has more than doubled in three years, official figures show. So far this financial year 84 British companies have been found to have breached the strict sanctions regime which controls how firms can do business with […]