February 20, 2018
By Anna Sayre, Legal Content Writer SanctionsAlert.com
The use of sanctions as an international regulatory and compliance tool has risen exponentially in recent times. The increasingly complex nature of these sanctions programs has led to the need for qualified persons equipped with the knowledge to tackle the day-to-day compliance and operational duties brought on by the ever-changing rules that govern sanctions policy.
In order to gauge a real-life perspective of those in the business, SanctionsAlert.com has taken the time to ask sanctions professionals what they think is the best way of breaking into the sanctions field and how they see the future of the sanctions industry unfolding.
SanctionsAlert.com Sanctions Round Up
February 9, 2018
E.U. (Almost)Mirrors U.S. Sanctions by Designating Seven Venezuelan Officials
On January 22, 2018, the E.U. Council placed 7 officials onto its Venezuela sanctions list. The officials have been designated for allegedly being involved in the “non-respect of democratic principles or the rule of law as well as in the violation of human rights”. The E.U., following suit with U.S. sanctions issued in August 2017, originally imposed their own economic sanctions and arms embargo against Venezuela in November 2017.
January 24, 2018
By: Anna Sayre, Legal Content Writer, SanctionsAlert.com
The recently imposed Venezuelan sanctions issued by the U.S., the E.U., and Canada have placed heavy burdens on sanctions compliance programs. This has made it much more difficult for companies and financial institutions who engage in business with the troubled South American nation to stay compliant.
Not only are these new sanctions on Venezuela detailed, multilateral, multi-faceted, and yet to be properly defined, but designated entities (or those businesses connected to them) are not always easily identifiable.
Many compliance suites are having trouble navigating these muddy waters.
Compliance Considerations on Countering America’s Adversaries Through Sanctions Act (CAATSA)
EU and U.K. Sanctions Update: The Potential Effects of Brexit on U.K. Sanctions Law and How Compliance Officers Can Prepare For the Switch
Preparing for a Regulatory Examination of Your Financial Institution’s OFAC Program
Interactive Sanctions Map
OFAC Enforcement Actions Database
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1st Sponsorship Announcement: Congratulations to Treliant! Treliant has secured a Luncheon Sponsorship agreement with SanctionsAlert.com for the 2018 Sanctions Risk Management Conference, New York, October 15-16. This sponsorship package enables Treliant to host SanctionsAlert.com conference delegates at the 1st Day Luncheon on Monday at the Princeton Club in New York. Treliant will also be an exhibitor throughout the conference. Additional sponsorship opportunities are available. Contact Alex Garcia at firstname.lastname@example.org or call 786-393-7840.
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- CELEX:02016D1693-20170916: Council Decision (CFSP) 2016/1693 of 20 September 2016 concerning restrictive measures against ISIL (Da’esh) and Al-Qaeda and persons, groups, undertakings and entities associated with them and repealing Common Position 2002/402/CFSP