On 29 January 2018, OFAC announced that it released five reports to Congressional Committees pursuant to the Countering America’s Adversaries Through Sanctions Act of 2017 (CAATSA). The reports include (1) Section 241: Report on Senior Foreign Political Figures and Oligarchs in the Russian Federation; (2) Section 104(e): Report on Contributions to Iran’s Ballistic Missile Program; … Continue Reading
On 23 June 2017, the Financial Action Task Force (FATF) published information identifying jurisdictions with deficiencies in their antimoney laundering and counter-terrorist financing regimes. In response to this published information by the FATF, in its advisory notice, HM Treasury advises firms to consider North Korea and Iran as high-risk jurisdictions for the purposes of the Money Laundering Regulations 2007, and … Continue Reading
The EU has renewed the entirety of the listings under the EU’s autonomous counter-terrorism sanctions regime that targets individuals and groups who are involved in worldwide terrorism, including Hizballah, Hamas and FARC. Implementing Regulation (EU) 2017/150 implements Regulation 2580/2001 and repeals Implementing Regulation (EU) 2016/1127 and Decision 2017/154 updates Common Position 2001/931/CFSP and repeals Decision … Continue Reading
