Sanctions Alert Issue 48

27 June 2016
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Iran News

  • EU extends Iran human rights sanctions
  • ECJ rejects re-listing appeals
  • ECJ upholds decision to annul the original listing of Bank Saderat Iran
  • OFAC provides additional Iran sanctions guidance, including guidance to US. directors and officers of non-US companies
  • OFAC clarifies application of sanctions to Iran overflight payments
  • US Treasury considering easing US dollar restrictions on Iran
  • US federal government urges US states to lift Iran debarment and divestment rules
  • OFAC hires new licensing staff to deal with flood of Iran-related applications
  • US Supreme Court rejects challenge to statute targeting Iranian Central Bank
  • Iran sues US at ICJ over designation as State Sponsor of Terrorism
  • US car audio company loses challenge to OFAC Iran penalty, takes an appeal
  • Indonesia extradites Singapore national accused of exporting US bomb parts to Iran
  • US resident pleads guilty for his role in illegal Iran export scheme
  • Canadian-Iranian national sentenced to 3 years in prison for exports from US to Iran
  • CEO of US company pleads guilty to conspiring to export specialty metals to Iran

Russia and Ukraine News

  • Russia abandons Eurobond plan
  • Canada extends sanctions against Russia and Ukraine
  • EU Advocate General delivers opinion on Rosneft’s judicial review
  • EU likely to extend sanctions against Russia

North Korea News

  • EU implements UN North Korea sanctions
  • EU adds 18 individuals and 1 entity to its sanctions listing against North Korea
  • Switzerland tightens sanctions against North Korea
  • China begins implementation of new sanctions against North Korea

EU News

  • EU General Court dismisses Mehdi Ben Ali’s challenge
  • EU extends sanctions against Egypt
  • EU extends sanctions against Syria
  • ECJ dismisses Tarif Akhras’ appeal
  • EU finds against assumption that Syrian businessmen support the Syrian regime
  • EU amends sanctions against Central African Republic
  • EU extends sanctions against Bosnia and Herzegovina
  • EU extends sanctions against Burma/Myanmar
  • EU extends sanctions against Crimea and Sevastopol
  • EU lifts sanctions against Liberia
  • EU de-lists International Sikh Youth Federation
  • EU General Court rejects Sharif University of Technology’s annulment application
  • EU adds to ISIL/Al Qaida sanctions

US News

  • Blocking of alleged Panamanian money laundering organisation affects significant Central American businesses
  • OFAC extends authorisation for transactions with Honduran Bank in liquidation
  • OFAC updates Cuba FAQs
  • FinCEN issues new rule requiring identification of beneficial owners
  • Justice Against Sponsors of Terrorism Act passes in US Senate, moves to House
  • US extends suspension of sanctions against blocked Belarusian entities
  • OFAC further relaxes sanctions on Burma, de-lists 3 Burmese state-owned banks
  • OFAC implements new Hizballah sanctions law
  • OFAC issues regulations to implement Burundi sanctions, designates additional individuals
  • US targets new sanctions against Libyan opponents of unity government
  • US arrests Chinese national for export control violations
  • OFAC sanctions additional narcotics traffickers
  • OFAC adds new terrorism designations

UN News

  • UN lifts Côte d’Ivoire sanctions
  • UN lifts remaining Liberia sanctions

UK News

  • Office of Financial Sanctions Implementation publishes guidance
  • UK Financial Conduct Authority publishes new guidance
  • UK publishes new Open General Export Licenses