Topic
Sanctions
3,138 published works
International Compliance Blog
UK’s Department for Business & Trade Issues New General Trade Licence for Third-Country Processed Iron and Steel Measures
By Alexandra Melia, Elliot Letts
On December 11, 2023, the UK’s Department for Business & Trade (“DBT”) published a General Trade Licence of indefinite duration concerning measures related to third-country processed iron and steel, pursuant…
Blockchain and the Law
Don’t Get Caught Up in the Mix: OFAC Sanctions Another Crypto Mixer for Potential Violations of Sanctions Regulations and FinCEN Proposes New Rule
By Jason Finger, Seetha Ramachandran
U.S. government agencies continue to take action against cryptocurrency mixing services that enable cybercriminals to obfuscate the trail of stolen proceeds on public blockchains stemming from illicit cyber activity. On…
White Collar & Government Enforcement Blog
Sanctions Enforcement in the Cryptocurrency Industry Continues to be a Focus
By Michael Gilbert, Brandon Mohamad*
On December 13, 2023, CoinList Markets LLC (“CoinList”) agreed to pay $1,207,830 pursuant to a settlement agreement with the Office of Foreign Assets Controls (“OFAC”) in connection with allegations that…
Trade Compliance Resource Hub
Christmas comes early for G7 operators – EU adopts 12th package of sanctions against Russia, changes to the Price Cap Model
By Leigh T. Hansson, Alexander Brandt, James Willn, Tan Albayrak, Finlay Donaldson, Ray-Shio Ho, Stephan Johansen, William Young, Dimitris Athanasopoulos
On 18 December, the EU announced their 12th round of sanctions targeting Russia. This comes against the backdrop of a flurry of Russia sanctions related activity and a number of…
Dispute Resolution Blog
The Turning Tides of US Sanctions: India Caught in the Middle
By Sara Sundaram, CAM Disputes Team
Secondary Sanctions & Countermeasures The recent escalation of United States (“US”) sanctions against Russia seems to have significant consequences for the Indian market. India has strong economic relationships with both…
International Compliance Blog
New UK Iran Sanctions Regime Comes into Force
On December 14, 2023, a new UK Iran sanctions regime originally announced in July 2023 came into effect as The Iran (Sanctions) Regulations 2023 (“New Iran Regulations”) and The Iran…
GT London Law Blog
UK Announces New Office of Trade Sanctions Implementation
By Annabel Thomas, Gavin Costelloe, Bethany Histed, Gabi Wong ˘
On 11 December 2023, His Majesty’s Government (HMG) announced that it will create a new unit – the Office of Trade Sanctions Implementation (OTSI) within the Department for Business and…
SmarTrade
OFAC and State Sanction Over 250 Entities and Individuals in Connection with Russia’s War Against Ukraine
By Scott E. Diamond**, Francesca M.S. Guerrero, Samir D. Varma
On December 12, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Department of State announced sanctions designating numerous additional Russian individuals and entities who…
Global Regulation Tomorrow
New UK civil enforcement authority created to investigate violations of trade sanctions
By David Harris (UK), Madeleine Parker
The UK’s Industry and Economic Security Minister, Nusrat Ghani, today announced the creation of a new civil enforcement unit, the Office of Trade Sanctions Implementation (OTSI). OTSI is expected to…
Manufacturing Law Blog
Five Eyes on Sanction Enforcement: Joint Guidance on Russia Sanctions Evasion From U.S. and Allies Identifies Detailed Expectations for Export Control Diligence in Sensitive Transactions
By Guest Contributor, Kevin Daly
This week’s post was co-authored with Edward Heath. Attorneys Heath and Daly are members of Robinson+Cole’s Manufacturing Law industry team and regularly counsel clients on trade compliance, anti-corruption compliance, and other corporate compliance issues.…