UN Sanctions Implementation: The Importance of Supporting An Open Dialogue Between Policy Makers and the Private Sector

UN Sanctions Implementation: The Importance of Supporting An Open Dialogue Between Policy Makers and the Private Sector

August 20, 2018
By Anna Sayre, Legal Content Writer SanctionsAlert.com

Financial institutions and corporations playa key role in the implementation of sanctions issued by the United Nations (UN) Security Council.In fact, this is where the rubber hits the road, as private companies are the ones that enable the implementation of UN sanctions. Nevertheless, many compliance officers,who deal with the operational aspects of UN-derived sanctions on a daily basis and often spend millions of dollars/euros to ensure compliance, are not aware of how they come into being or the policies from which they derive. (more…)

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
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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With 15 programs in place, UN sanctions now key tool to punish bad actors

By: Anna Sayre, reporter SanctionsAlert.com 
Date: May 6, 2016

Among the several unique characteristics of the economic sanctions imposed by the United Nations is the fact that they apply to every nation. While economic sanctions imposed by the United States or another single nation may be powerful, they only apply to the nation or organization against which they are directed. (more…)