On 12 September 2024, His Majesty’s Government (HMG) published the Trade, Aircraft and Shipping Sanctions (Civil Enforcement) Regulations 2024 (Regulations), introducing new civil enforcement powers
Continue Reading UK Announces New OTSI Civil Enforcement Powers on Trade Sanctions
The UK’s Office of Financial Sanctions Implementation (OFSI) has issued guidance on when payments can be made to personal staff of designated persons (DPs).[1]
Continue Reading OFSI Issues Licensing Guidance for Payments to Personal Staff of Designated Persons
On 11 December 2023, His Majesty’s Government (HMG) announced that it will create a new unit – the Office of Trade Sanctions Implementation (OTSI) within
Continue Reading UK Announces New Office of Trade Sanctions Implementation
In a judgment handed down on 6 October, a UK Court of Appeal (the Court) provided an obiter, or non-binding, ruling expanding the scope
Continue Reading UK Court of Appeal Expands Scope of ‘Control’ Under Russia Sanctions Regulations: ‘Mr Putin could be deemed to control everything in Russia’
On 31 August 2023 the UK’s Office of Financial Sanctions Implementation (OFSI) issued a “Disclosure” against Wise Payments Limited, a UK-registered company, regulated by the
Continue Reading No Breach Too Small: OFSI Reports First Breach of UK’s Russian Sanctions Regulations
HM Treasury announced 26 July that the UK’s Office of Financial Sanctions Implementation (OFSI) has amended Section 6.12, Refusal of a licence, of its UK
Continue Reading OFSI Updates Guidance on Refusing Licences
These sanctions have been revealed following an announcement by the leaders of the G7 at this week’s G7 summit where they pledged to take action against Russia and as far as possible restrict its revenue and ability to continue the war against Ukraine.
Continue Reading UK Imposes New Russia Sanctions on 86 People and Companies, Including Metal and Diamond Industries
On 10 November, the UK’s Office of Financial Sanctions Implementation (OFSI) published its annual review for the period April 2021 to August 2022, with a
Continue Reading OFSI’s Annual Review Highlights Effect of Sanctions on Russia
The United Kingdom and United States announced in a joint statement on 17 October a new strategy to cooperate and collaborate further on economic sanctions
Continue Reading UK and U.S. Announce ‘Enhanced Partnership’ on Economic Sanctions Implementation, Enforcement
On 30 September the UK announced a series of significant additional sanctions in response to Russia’s illegal annexations in Ukraine following internationally condemned sham referendums.
Continue Reading Incoming UK Sanctions on Professional Services