On 20 December 2017, President Trump issued EO 13818, authorising the imposition of financial sanctions against designated persons determined to be directly or indirectly engaged in certain human rights abuses or corrupt acts around the world. OFAC subsequently released new Frequently Asked Questions and published updated designations.… Continue Reading
The EU extended asset-freezes against persons provided in Council Decision 2011/72/CFSP and in Council Implementing Regulation (EU) No 101/2011 who are considered to be responsible for the misappropriation of Tunisian State funds. On 29 January 2018, the sanctions were extended until 31 January 2019 (See Council Decision (CFSP) 2018/141 and Council Implementing Regulation (EU) 2018/137).… Continue Reading
Due to the UK Serious Fraud Office’s (SFO) ongoing investigation into Unaoil, in a press release dated 28 April 2017, the SFO confirms, “it has opened an investigation into the activities of KBR, Inc’s United Kingdom subsidiaries, their officers, employees and agents for suspected offences of bribery and corruption”. KBR, Inc. is a US based … Continue Reading
