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
On 11 December 2017, the Council extended its current sanctions regime against the Democratic Republic of Congo (DRC) until 12 December 2018. These sanctions were adopted in response to the obstruction of the electoral process and the related human rights violations in DRC (See Council (CFSP) Decision 2017/2282). EU Candidate Countries Macedonia, Montenegro and Albania, … Continue Reading
On 29 May, the Council of the European Union adopted Council Implementing Regulation 2017/904, which implements Regulation (EC) No 1183/2005. With respect to the Democratic Republic of Congo, asset freezes now apply to nine individuals, which can be found in the Annex of Council Implementing Regulation 2017/904. The Office of Financial Sanctions Implementation’s (OFSI) notice … Continue Reading
In a press release published on 6 March 2017, the EU informs the Democratic Republic of Congo that it remains ready to impose new targeted sanctions as a result of the serious human rights violations that have recently occurred in Congo, the refusal of President Joseph Kabila to stand down at the end of his … Continue Reading
