OFSI, part of the HM Treasury, working toward ensuring that financial sanctions are properly implemented and enforced in the UK, has updated numerous financial sanctions that are currently in force. The recent updates are for financial sanctions in the following regions and industries: ISIL/Da’esh and Al-Qaida Organizations Nicaragua Venezuela Central African Republic Ukraine – Sovereignty and Territorial Integrity Syria Libya … Continue Reading
In October 2018, the EU decided to amend its list of sanctioned entities and persons in the following countries: Burundi, Guinea and North Korea. Further, the European Commission added new persons to sanctions directed against the ISIL (Da’esh) and Al-Qaida organizations, and removed restrictions imposed on one Iraqi entity. The up-to-date consolidated list of all entities and people subject to EU … Continue Reading
On 11 January 2018, the EU amended its list under Council Regulation No 881/2002 imposing certain specific restrictive measures directed against persons and entities associated with the ISIL (Da’esh) and Al-Qaida organisations (See Commission Implementing Regulation No 2018/50).… Continue Reading
Under the TAFA, the UK Treasury must produce a quarterly report (the “Report”) for Parliament on the functioning of the UK’s asset-freezing regime. The Report comments on the UK implementation of the UN Al-Qaida asset-freezing regime, which operates pursuant to the Al-Qaida (Asset-Freezing) Regulations 2011. The report provides an overview of the status of various … Continue Reading
Council Regulation (EC) 881/2002, which imposes financial sanctions against Al-Qaida, has been amended with the addition of individuals and legal entities to the consolidated list of asset-freeze targets.… Continue Reading
