Baker McKenzie’s Sanctions Blog published the alert titled OFAC Designates Major Russian Financial Institutions and Issues New and Amended Russia-Related General Licenses; New FAQs on 20 December 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
The new version of the Mexican General Import and Export Duties Law, including its tariff schedule, published on 7 June 2022, became effective on 12 December 2022. Consequently, several administrative regulations updating tariff classifications also became effective on that same date. This includes the latest amendments to the Export Controls Regulation, published on 24 November 2022 and the Embargoes Regulation, published on 11 October 2022.
Baker McKenzie’s Sanctions Blog published the alert titled EU adopts further sanctions against Russia on 16 December 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
The UK has introduced a sanctions regime designed to target criminal actors, gangs and their financiers whose actions are causing instability in Haiti, pursuant to The Haiti (Sanctions) Regulations 2022, which enters into force on 28 December 2022.
Baker McKenzie’s Sanctions Blog published the alert titled EU outlines proposals for 9th package of EU sanctions against Russia on 9 December 2022. 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 G7 Sets Price Cap for Russian Oil at USD 60 Per Barrel on 9 December 2022. 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 New Sanctions on Russian Regime: 33 Individuals and 6 Entities Targeted on 9 December 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 9 December 2022, Canada announced further amendments to the Special Economic Measures (Iran) Regulations in response to those “who are complicit in gross and systematic human rights violations in Iran”. These amendments list an additional 22 individuals under Schedule 1 of the Regulations and entered into force on 7 December 2022.
This virtual seminar series provides insights on how the regulatory landscape is changing and discuss the future of crypto within the financial services sector. Recordings of the following sessions are now available — The Crypto Ecosystem; Integrating Crypto into Established Financial Services (Part 1: Funds and Listings and Part 2: Practical Considerations); Crypto Risk: Significant Legal and Regulatory Risks; A Deep Dive into NFTs; and DeFi (Decentralized Finance).
The European Commission has put forward a proposal to harmonize criminal offences and penalties for the violation of EU sanctions. The proposal follows a decision by the Council which identified the violation of EU sanctions as an EU crime and sets out common EU rules which will make it easier to investigate, prosecute and punish violations of EU sanctions in all Member States alike.