Wake Up To Sanctions

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. (more…)

Wake Up To Sanctions

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.

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Wake Up To Sanctions

SanctionsAlert.com Sanctions Round Up
December 28, 2017

UK Parliament Publishes Report on Potential Compliance Impact of ‘Post-Brexit’ Sanctions

On December 17, the UK Parliament’s European Union External Affairs Sub-Committee published a report on British sanctions policy, including the likely legislative framework for sanctions in a post-Brexit Britain. Deeply buried inside the 50-page report is a section with useful information for sanctions compliance professionals who may wonder to what extent businesses operating in the UK will be affected by any Brexit-inspired changes. (more…)

Wake Up To Sanctions

SanctionsAlert.com Sanctions Round Up
November 17, 2017

EU removes FARC from terrorist list; imposes first set of sanctions on Venezuela

On November 13, 2017, the E.U. removed Colombian guerilla group FARC from its terrorism sanctions list following its disarmament and re-launch as a political party. Earlier, in September 2016, the E.U.had suspended its terrorism sanctions on FARC in recognition of the peace agreement signed between FARC and the Colombian government.

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Wake Up To Sanctions: SanctionsAlert.com Sanctions Round Up

October 6, 2017

US Substantially Increases Sanctions against North Korea to include Non-U.S. Persons

On September 20, 2017, the U.S. President signed Executive Order (E.O.) 13810 imposing additional sanctions against North Korea targeting trade and financial transactions.This move closely compliments the September 11 resolution by the United Nations Security Council on imposing sanctions on North Korea’s textile and oil industry.

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