On 23 August 2023, the US Treasury Department’s Office of Foreign Assets Control issued the first Determination Pursuant to Section 1(a)(i) of Executive Order 14014, which extends the application of section 1(a)(i) of EO 14014 to the jet fuel sector of the Burmese economy. On the same day, OFAC also published two related Frequently Asked Questions: FAQ 1132 and FAQ 1133.
Baker McKenzie’s Sanctions Blog published the alert titled UK Government considers proscription of Wagner as a terrorist organisation under the Terrorism Act 2000 on 25 August 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 Ukraine Launches State Sanctions Register on 17 August 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 Government Publishes Compliance Note on Voluntary Self-Disclosures of Sanctions and Export Control Violations on 11 August 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 8 August 2023, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued the OFAC Compliance Communique: Guidance for the Provision of Humanitarian Assistance to Syria. The guidance responds to specific questions that OFAC received from the non-governmental organization (NGO) community and the general public related to the provision of humanitarian assistance to the Syrian people. In addition, OFAC amended Frequently Asked Question 937 related to the Syria NGO general license.
In brief The UK’s Financial Conduct Authority (FCA) plays a key role in monitoring how UK-regulated financial institutions…
Baker McKenzie’s Sanctions Blog published the alert titled Blog Series: Sanctions Enforcement Around the World, the Czech Perspective on 31 July 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 BIS Issues Best Practices for License Applications for Medical-related Items for Russia, Belarus, and Occupied/Covered Regions of Ukraine on 19 July 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 Dutch authorities make arrest over Russia sanctions circumvention on 20 July 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 Canada Imposes Additional Sanctions Against Russia: 39 Individuals and 25 Entities Targeted on 20 July 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.