Baker McKenzie’s Sanctions Blog published the alert Webinar: Key lessons from the Russia/Ukraine crisis: Preparing for the next geopolitical event on 22 February 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled US and UK sanction cyber criminals in coordinated action on 17 February 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
In December 2022, the United Nations Security Council adopted a resolution which introduced a standardized humanitarian exemption across UN regimes according to which activities necessary for humanitarian assistance and other activities that support basic human needs are exempt from sanctions in the form of asset freezes imposed by the Security Council or by its Sanctions Committees. All UN sanctions regimes except the Afghanistan regulations will now include a standardized humanitarian exception to the asset freeze provisions.
On 26 January 2023 HM Revenue & Customs announced that, as of 1 January 2023, it has nine live Corporate Criminal Offenses investigations for the failure to prevent the facilitation of tax evasion, with a further 26 investigation opportunities under review. These live and potential investigations cover 11 different business sectors including software providers, labor provision, transport, accountancy and legal services.
On 5 January 2023, the US and Turkish governments imposed sanctions targeting four individuals and two entities determined to be associated with the financial facilitation network of the Islamic State of Iraq and Syria (ISIS).
Baker McKenzie’s Sanctions Blog published the alert titled EU adopts further sanctions against Russia on 16 December 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
The UK has introduced a sanctions regime designed to target criminal actors, gangs and their financiers whose actions are causing instability in Haiti, pursuant to The Haiti (Sanctions) Regulations 2022, which enters into force on 28 December 2022.
Baker McKenzie’s Sanctions Blog published the alert titled EU outlines proposals for 9th package of EU sanctions against Russia on 9 December 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled G7 Sets Price Cap for Russian Oil at USD 60 Per Barrel on 9 December 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
The European Commission has put forward a proposal to harmonize criminal offences and penalties for the violation of EU sanctions. The proposal follows a decision by the Council which identified the violation of EU sanctions as an EU crime and sets out common EU rules which will make it easier to investigate, prosecute and punish violations of EU sanctions in all Member States alike.