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SanctionsAlert.com Sanctions Round Up
March 27, 2018
North Korea Generates $200 Million in Illicit Revenue and Continues to ‘Flout’ International Law – UN Report Claims
On March 5th, the United Nations (U.N.) Panel of Experts released its Report on North Korea sanctions pursuant to U.N. Security Council Resolution 2345 (2017) (the Report). The 298-page document details numerous examples of efforts by North Korea to evade U.N. sanctions and claims that the country has earned $200 million in 2017 concealing the origin of illicit exports. read more…
2017 Magnitsky Act and Other Global Initiatives Underscore Vital Importance of Corruption Perception Index in Risk Assessment
March 12, 2018
By: Anna Sayre, Legal Content Writer SanctionsAlert.com
Though the use of sanctions as an international means for deterring global corruption is not a novel concept, the consequence shave become broader than ever before and can expose a business to a number of risks and business disruptions.
Since last year, a number of new sanctions initiatives have been imposed that specifically target corrupt officials and practices.The 2017 U.S. Global Magnitsky Act, and equivalent regimes in Canada and the U.K, targets corrupt conduct by government officials regardless of where they are located in the world.Similarly – though not globally imposed – countries such as Syria (E.O. 13460), Zimbabwe (E.O. 13469), and most recently Venezuela (E.O.13692), have also targeted various individuals due to human rights violations as well as the presence of significant public corruption. read more…
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.
OFAC Enforcement Actions: Trends and Analysis
Preparing for a Regulatory Examination of Your Financial Institution’s OFAC Program
Beyond List Matching: Compliance with Sectoral Sanctions
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
Interactive Sanctions Map
OFAC Enforcement Actions Database
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Announcing the first ever Sanctions Technology Taskforce!
SanctionsAlert.com is proud to launch its groundbreaking Sanctions Technology Taskforce (or STTF). This committee, consisting of consultants and compliance practitioners as well as technology companies, will share and discuss modern trends and best practices in cutting-edge tech advancements for the sanctions community. This will include a monthly Tech Column of latest developments, an annual Best Practices Book, quarterly Tech Webinars addressing the latest in sanctions technology, and much more!
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- CELEX:52017XG1010(01): The following information is brought to the attention of ABDOLLAHI Hamed (a.k.a Mustafa Abdullahi), AL NASSER Abdelkarim Hussein Mohamed, AL YACOUB Ibrahim Salih Mohammed, ARBABSIAR Manssor (a.k.a. Mansour Arbabsiar), IZZ AL DIN Hasan (a.k.a. GARBAYA, Ahmed; a.k.a. SA ID; a.k.a. SALWWAN, Samir), SHAHLAI Abdul Reza (a.k.a Abdol Reza Shala’i, a.k.a. Abd-al Reza Shalai, a.k.a. Abdorreza Shahlai, a.k.a. Abdolreza Shahla’i, a.k.a. Abdul-Reza Shahlaee, a.k.a. Hajj Yusef, a.k.a. Haji Yusif, a.k.a. Hajji Yasir, a.k.a. Hajji Yusif, a.k.a. Yusuf Abu-al-Karkh), SHAKURI Ali Gholam and SOLEIMANI Qasem (a.k.a Ghasem Soleymani, a.k.a Qasmi Sulayman, a.k.a Qasem Soleymani, a.k.a Qasem Solaimani, a.k.a Qasem Salimani, a.k.a Qasem Solemani, a.k.a Qasem Sulaimani, a.k.a Qasem Sulemani) — persons included on the list provided for in Article 2(3) of Council Regulation (EC) No 2580/2001 on specific restrictive measures directed against certain persons and entities with a view to combating terrorism (see Annex to Council Implementing Regulation (EU) 2017/1420 of 4 August 2017)