by Maryam Liaqat | Mar 27, 2018 | Articles |
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…)
by Maryam Liaqat | Mar 12, 2018 | Articles |
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. (more…)
by Maryam Liaqat | Jan 12, 2018 | Articles |
January 8, 2018
Since the implementation of the Joint Comprehensive Plan of Action, or JCPOA, in early 2016, the international community’s plan to slowly ease sanctions against Iran has led to banks and financial institutions becoming increasingly unsure about which transactions are allowed and which are still too risky to undertake. As such, compliance officers and other professionals have had to navigate extremely treacherous waters. (more…)
by Maryam Liaqat | Mar 15, 2017 | Articles |
March 14, 2017
On March 14, the Turkish government has announced diplomatic sanctions against the Netherlands. The sanctions, which suspend “high-level relations and all planned meetings “with the Netherlands, are the result of an intensifying diplomatic dispute between the two countries. The sanctions also include: a cancellation of permission for diplomatic flights by Dutch officials as well as a ban on the Dutch ambassador entering Ankara, until the Dutch government adheres to Turkish demands. (more…)
by Maryam Liaqat | Jan 13, 2017 | Articles |
January 13, 2017
By: Anna Sayre, Legal Content Writer, SanctionsAlert.com
A decade ago South Africa was inaugurated as the first African member state of the Wassenaar Arrangement (WA), an agreement that promotes transparency in transfers of conventional arms and dual-use goods and technologies. Since that time, South Africa has developed its export control regulations into a more modern, more cohesive regime. (more…)
