On 9 May, the UK government announced it was targeting Russia and Belarus with a 35% increase in import tariffs to be imposed on precious
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UK Russian Sanctions and Economic Crime Update – A More Forceful Approach
As anticipated, the Economic Crime Bill was passed and became the Economic Crime (Transparency and Enforcement) Act 2022 on 14 March 2022. Overseas entities, their
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UK Russian Sanctions: Is the UK Doing Enough?
Despite the rhetoric, it is clear that the United Kingdom has not, in fact, been leading the way on sanctions against Russia in response to
Continue Reading UK Russian Sanctions: Is the UK Doing Enough?
UK Introduces Economic Crime Legislation in Wake of Russian Invasion of Ukraine
As anticipated in our previous GT Alert, the UK government is bringing forward its economic crime legislation in response to Russia’s invasion of Ukraine.
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What Steps Other than Sanctions Might the UK Government Take Against Russian Assets in the UK?
The invasion of Ukraine by Russian forces was much heralded by U.S. and UK intelligence services but the scale of the attack seemed to take
Continue Reading What Steps Other than Sanctions Might the UK Government Take Against Russian Assets in the UK?
UK Issues Sanctions Against Russia Following President Putin’s Attack on Ukraine
On Feb. 24, 2022, Prime Minister Boris Johnson announced a comprehensive package of sanctions targeting Russian entities and individuals following President Vladimir Putin’s invasion of
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Sanctions: Despite Post-Brexit Limbo, UK Finally Introduces Magnitsky Law
With the UK now no longer part of the EU, and EU law ceasing to apply at the end of the current transitional period, the
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EU Sanctions: European Commission President Pushes for Greater Resilience, Proper Enforcement
Ursula von der Leyen, the new president of the European Commission, has called for ‘new proposals to ensure Europe is more resilient to extraterritorial sanctions
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OFSI Finds Its Teeth While OFAC Continues to Enforce Against Non-U.S. Corporates
The UK’s Office of Financial Sanctions Implementation (OFSI), the body tasked by the UK Treasury to administer and enforce financial sanctions in the UK, has
Continue Reading OFSI Finds Its Teeth While OFAC Continues to Enforce Against Non-U.S. Corporates
Brexit: Political Impasse After UK Parliament Votes to Block October 31 No-Deal Departure From EU
Our last GT Alert on Brexit quoted the saying, “a week is a long time in politics”. New Conservative Prime Minister Boris Johnson has found
Continue Reading Brexit: Political Impasse After UK Parliament Votes to Block October 31 No-Deal Departure From EU