Tag Archives: asset freeze

UK Launches Corruption Sanctions Regime with First Listings

UPDATE:  Since our last post below, on April 26, the UK introduced its new global anti-corruption sanctions regime. This sanctions regime follows other EU and UK sanctions regimes and is based on two types of sanctions imposed on listed individuals, i.e., assets freeze and travel ban. On the same day, the UK government also announced … Continue Reading

EU Publishes Regulation Concerning Restrictive Measures in Nicaragua

On October 14, 2019, the EU published a regulation concerning restrictive measures in view of the situation in Nicaragua. The EU sanctions target persons and entities responsible for human rights violations or abuses, the repression of civil society and democratic opposition in Nicaragua, as well as persons and entities whose actions, policies or activities otherwise undermine democracy and the rule of … Continue Reading

EU Renews Sanctions on Burundi

On 23 September, the European Council extended EU sanctions against Burundi until 31 October 2018. The restrictive measures include a travel ban and asset freeze on four persons whose activities were judged to be undermining democracy and stifling attempts to reach a political solution to the situation in Burundi. The official Council press release is available here.… Continue Reading

UN Adopts New Sanctions Against North Korean Offcials and Entities

On 2 June 2017, the UN Security Council adopted new sanctions targeting 18 North Korean officials and entities as a result of North Korea’s recent ballistic missile tests. Under these sanctions, entities and people are subject to an asset freeze and travel ban in all UN countries. The EU’s implementing measures are Commission Regulation 2017/970, which amends Council Regulation 329/2007 … Continue Reading

EU Renews Its Sanctions Against Bosnia and Herzegovina

The EU Council has renewed its sanctions against Bosnia and Herzegovina until 31 March 2018. The measures include an asset freeze and travel ban on listed individuals and entities believed to be undermining its sovereignty and territorial integrity, posing a serious threat to the Bosnian security situation, or undermining the Dayton/Paris Peace Agreement. Council Decision … Continue Reading

The General Court Dismissed Claim for Damages Relating to the EU’s Targeted Iran Sanctions

The General Court has dismissed a claim for damages brought by Mahmoud Jannatian based on his erroneous listing on the EU’s targeted Iran sanctions.  Mr. Jannatian was originally listed in 2010 because of his role as Deputy Head of the Atomic Energy Organisation of Iran, when he had not held that role since 2007.  As … Continue Reading

New Sanctions Against North Korea

South Korea, the EU and US imposed or strengthened sanctions against North Korea in March. South Korea’s sanctions include an asset freeze on, and a restriction on business dealings with, 38 individuals and 24 entities in North Korea alleged to be responsible for the development of weapons of mass destruction. Further sanctions were imposed against two individuals and six … Continue Reading

US and EU Ease Economic Sanctions Against Belarus

Following the recent, closely watched elections in Belarus, in which President Alexander Lukashenko was elected to his fifth term in office, both the US and EU adopted measures suspending some economic sanctions against the country. On 30 October 2015, the Council published Council Implementing Regulation 2015/1948 which suspends financial sanctions, including asset freezes, imposed against … Continue Reading

Extension of Asset Freezing Sanctions for Individuals in Respect of the Actions in Ukraine

On 5 June 2015, the European Council extended the asset freeze for three of the four individuals covered by the regime. Two of the individuals have had the asset freezes against them extended by nine months, with the third individual’s sanctions extended by four months. The fourth individual did not have sanctions extended as he … Continue Reading