The Iranian President Hassan Rouhani is threatening to restart Iran’s controversial nuclear program if the U.S. continues to impose unilateral sanctions.
On 02 August 2017, the UK Government published the post Brexit sanctions regime. This follows the public canvassing and the earlier reported White Paper on the subject. It’s clear that the UK wishes to…
The EU has started to implement UN Security Council (UNSC) sanctions against North Korea (see UNSC Resolution 2371).
On 09 August 2017, Mexican soccer legend Rafael Márquez was blacklisted by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). He was placed on the Specially Designated Nationals List), under the Foreign Narcotics Kingpin Designation Act (Kingpin Act). As a SDN, persons subject to U.S. jurisdiction are prohibited from doing any business with the soccer giant.
On 02 August 2017, President Trump, signed the Countering America’s Adversaries Through Sanctions Act. This bill was sponsored by the U.S. Congress, which overwhelmingly voted for a fresh wave of sanctions against Iran, North Korea and the Russian Federation.
On 05 August 2017, the United Nations Security Council (UNSC) unanimously voted to slap North Korea with a fresh set of sanctions. The latest wave of sanctions comes with the hermit country’s repeated intercontinental ballistic missile…
On 26 July 2017, OFAC imposed a new wave of sanctions against Venezuela. The OFAC action blacklists 13 current or former senior officials of the Venezuelan Government that the U.S. Government holds responsible for the undermining of democracy, violence against opposition protesters and corruption. As a result, all assets of these individuals subject to U.S. jurisdiction are frozen, and U.S. persons are prohibited from dealing with them.
On 29 June 2017, the U.S. Department of the Treasury announced that the Bank of Dandong, a Chinese bank, is a foreign bank of primary money laundering concern under Section 311 USA Patriot Act). Furthermore, the Treasury’s Office of Foreign Assets Control blacklisted two Chinese individuals and one Chinese company in response to North Korea’s ongoing WMD development and continued violations of UN Security Council resolutions.
On 27 June 2017, the Latvian Financial and Capital Market Commission announced an enforcement action whereby it penalized three banks for North Korea sanctions.
On 29 June 2017, the Russian Government announced it’s intention to re-new its counter-sanctions against EU food products. On 30 June 2017, a Presidential executive Order was signed renewing the sanctions against EU food products until 31 December 2018.