Tag Archives: asset freezing

EU Introduces New Sanctions Regime Against Persons Involved in Proliferation and Use of Chemical Weapons

On October 15, 2018, the Council of the EU adopted new sanctions against people and entities involved in providing financial, technical or material support for or otherwise involved in any business transaction related to proliferation of chemical weapons. In particular, EU sanctions provide for the freezing of assets for sanctioned people/entities.… Continue Reading

EU Extends Asset Freezing Measures and Travel Bans on Individuals and Entities Responsible for Undermining the Territorial Integrity of Ukraine

The EU has extended its asset freezing measures and travel bans on entities and individuals who are involved in undermining or threatening Ukraine’s territorial integrity, sovereignty and independence for a further six months, until 15 September 2017. The EU’s listings on these measures include, to date, 150 people and 37 entities. Implementing Regulation 2017/437 implements … Continue Reading

EU Renews Sanctions Against Tunisia

On 27 January 2017, the EU extended until 31 January 2018 its asset freezing measures on individuals, associated persons and entities deemed to be responsible for the misappropriation of state funds in Tunisia. The sanctions, which were first introduced on 31 January 2011, lists 48 people. Implementing Regulation 2017/149 implements Regulation 101/2011 and Decision 2017/153 … Continue Reading

EU Amends Its Sanctions on Syria

The European Council has amended its sanctions against Syria in order to allow for the otherwise prohibited purchase or transportation of oil and petroleum products in Syria, where the sole purpose is to provide humanitarian relief or assistance to the Syrian population. The amendments also include a corresponding derogation from the asset freeze and travel … Continue Reading

UK Issues Terrorist Asset-Freezing Act 2010 (TAFA) Report

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

EU Amends Economic Sanctions against Guinea, Moldova, Yemen, and Zimbabwe

The Council of the European Union (the “Council”) has issued Council Decisions amending sanctions regimes in force with respect to Guinea, Moldova, Yemen and Zimbabwe. See Council Decision (CFSP) 2015/1923 (Guinea), Council Decision (CFSP) 2015/1925 (Moldova), Council  Implementing Decision (CFSP) 2015/1927 (Yemen) and  Council Decision  (CFSP) 2015/1924 (Zimbabwe), inter alia, amending the list of individuals … Continue Reading