Baker McKenzie’s Sanctions Blog published the alert titled Ukraine introduces a new set of sanctions against Russian, Iranian, Syrian and UAE persons on 21 March 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 21 February 2023, the US Department of the Treasury’s Office of Foreign Assets Control issued OFAC Compliance Communique: Guidance on Authorized Transactions Related to Earthquake Relief Efforts in Syria. The Guidance responds to specific questions OFAC received related to earthquake relief efforts in Syria and explains how to provide humanitarian assistance to the Syrian people in compliance with US sanctions.
Baker McKenzie’s Sanctions Blog published the alert titled Blog Series: Sanctions Enforcement Around the G7, the German Perspective on 22 March 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
The UK Office of Financial Sanctions Implementation (OFSI) has updated its guidance on enforcement and monetary penalties for breaches of financial sanctions, to include a number of paragraphs setting out OFSI’s expectations around the nature and type of due diligence that companies should undertake when assessing whether an entity is owned or controlled by one or more designated persons, for sanctions purposes.
Baker McKenzie’s Sanctions Blog published the alert titled Canada Imposes Additional Sanctions Against Russia: Prohibition on Steel and Aluminum Imports on 14 March 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 Blog Series: Sanctions Enforcement Around the G7, the EU Perspective on 14 March 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 Blog Series: Sanctions Enforcement Around the G7, The UK Perspective on 10 March 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, DOJ and OFAC publish compliance note warning public of Russian evasions of export controls and sanctions on 10 March 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 Turkish customs blocking certain goods to Russiaon 15 March 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 22 February 2023, the US Department of Justice announced a new voluntary self-disclosure policy for corporate criminal enforcement in all United States Attorneys’ Offices around the country. USAOs are often the front line of DOJ’s enforcement efforts, prosecuting federal criminal cases in each of the 94 federal judicial districts across the country. This includes the prosecution of many criminal violations of US sanctions and export controls.