March 21, 2019 By: Anna Sayre, Legal Content, ACSS
If compliance officers were expecting a softening of Ukraine-related sanctions against Russia, they may be in for an unpleasant surprise. Recent times have only exposed new efforts to punish Moscow for its hostile actions, which may increasingly complicate the day-to-day jobs for compliance suites.
SanctionsAlert.com Summer Sanctions Round Up
September 5, 2018
U.S. Cracks Down on Russia with Global Magnitsky Regulations and New Sanctions
As of June 29,2018, the Global Magnitsky Sanctions Regulations (31 CFR part 583) took effect on the Federal Register. These regulations implement the Global Magnitsky Human Rights Accountability Act (or U.S. Global Magnitsky Act) as well as Executive Order 13818 of December 20, 2017.
SanctionsAlert.com Sanctions Round Up
March 27, 2018
North Korea Generates $200 Million in Illicit Revenue and Continues to ‘Flout’ International Law - UN Report Claims
On March 5th, the United Nations (U.N.) Panel of Experts released its Report on North Korea sanctions pursuant to U.N. Security Council Resolution 2345 (2017) (the Report). The 298-page document details numerous examples of efforts by North Korea to evade U.N. sanctions and claims that the country has earned $200 million in 2017 concealing the origin of illicit exports. (more…)
By Peter Jeydel on September 29, 2017
OFAC today revised its Ukraine/Russia-related sectoral sanctions directives prohibiting US person dealings in new debt or new equity of listed Russian financial institutions and new debt of listed Russian energy companies (in both cases, these prohibitions continue to apply to the “interests in property” of the listed entities, meaning any entity 50% or more owned by them). OFAC took this step pursuant to a statutory mandate in the Countering Russian Influence in Europe and Eurasia Act of 2017 (CRIEEA). See our advisory on CRIEEA. The changes made today are as follows (and as expected based on the statutory mandate): (more…)
August 30, 2017
By: Anna Sayre, Legal Content Writer, SanctionsAlert.com
On August 24, 2017, the U.S. government announced new Venezuelan sanctions, impacting oil company Petroleos de Venezuela(PdVSA), and other Venezuelan government entities.
By Alexis Early*
July 27, 2017
On July 27, the Senate passed 98-2 the Countering America’s Adversaries Through Sanctions Act (HR 3364), which previously passed the House 419-3 on July 25, setting up a showdown with President Trump. This bill is an omnibus of three separate sanctions measures: the Countering Iran’s Destabilizing Activities Act (“CIDAA”), the Countering Russian Influence in Europe and Eurasia Act (“CRIEEA”), and the North Korean Interdiction and Modernization of Sanctions Act (“NKIMSA”).