Sanctions Alert Issue 49

22 August 2016
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Iran News

  • FATF temporarily lifts counter-measures on Iran
  • HM Treasury removes three Iranian companies from sanctions list following ECJ ruling
  • OFAC authorises third-country carriers to fly US-origin aircraft to Iran

Russia News

  • Russia extends food embargo
  • Russia removes economic sanctions on Turkey
  • EU prolongs Russia sectoral sanctions
  • Russian companies barred by Ukraine
  • House of Commons Defence Committee requests fortification of Russia sanctions
  • UK PM confirms Brexit will not affect EU sanctions on Russia

EU News

  • ECJ dismisses former Zimbabwe Attorney General Appeal
  • EU General Court dismisses Samir Hassan’s Syria case
  • EU General Court dismisses damages claim by Bredenkamp
  • EU imposes further sanctions on North Korea
  • EU lists two new individuals under ISIL & Al-Qaeda sanctions

US News

  • OFAC adjusts maximum penalties for inflation
  • New York DFS issues new AML and sanctions rule for financial institutions
  • OFAC renews general licences relating to businesses of accused Panamanian narcotics traffickers
  • OFAC adds new Cuba FAQs regarding financial transactions and travel recordkeeping
  • OFAC settles with two medical suppliers over unlicensed shipments of medical supplies to sanctioned countries
  • OFAC issues findings of violation against bank and insurance companies for failure to properly screen existing accounts
  • Kim Jong Un and other North Korea senior officials designated for human rights abuses
  • DRC government security official sanctioned
  • US blocks several suppliers to Syrian government
  • OFAC designates additional terrorist groups and individuals
  • OFAC removes several individuals from terrorism and narcotics lists
  • US court sentences Chinese national for illegal export scheme
  • US national sentenced for illegal exports to Russia

UN News

  • UN & EU update designation and derogation criteria in Congo

UK News

  • UK Court dismisses judicial review claim regarding sanctions funding
  • UK designation expires under the Terrorist Asset-Freezing Act
  • UK government launches Export Control Joint Unit
  • Court of Appeal decides payment of debt does not breach Libya sanctions