Following its intercontinental ballistic missile test in November, the UN Security Council unanimously voted to imposed new sanctions on North Korea.
The EU imposed sanctions on Venezuela in response to the continuing crisis in Venezuela and the perceived deterioration of democracy, the rule of law and human rights.
On 25 October 2017, the House of Commons published a briefing paper regarding the Iran nuclear deal. In particular, the paper focuses on President Trump’s recent refusal to certify Iran’s compliance with its obligations under the deal.
According the Government’s press release on the Bill “ensures that when the UK leaves the EU, we can continue to impose, update, and lift sanctions and AML regimes”.
As companies consider their strategies for life in a post-Brexit world, our study reveals the projected impact of hard Brexit in four sectors that are key to UK manufacturing and our clients: the automotive, consumer, healthcare and technology industries.
The European Council has unanimously agreed to extend economic sanctions targeting the Russian economy by 6 months, until 31 January 2018.
On 11 April 2017, the Council extended EU sanctions against Iran, which will now be in place until 13 April 2018.
On 1 April 2017, the sanctions-related provisions of the Policing and Crime Act 2017 came into force, bringing in significant changes to the UK financial sanctions enforcement landscape.
Once in force, Part 8 of the Bill will introduce a number of important changes to the UK financial sanctions enforcement landscape.
The Office of Financial Sanctions Implementation (OFSI) has recently announced that it is consulting on its draft guidance on the process for imposing monetary penalties for breaches of financial sanctions.