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OFAC Insights 21 October 2024

OFAC Insights 21 October 2024

What's going on? The Price Cap Coalition, comprising G7 countries, the European Union, Australia, and New Zealand, has released an updated advisory targeting the global maritime industry. This advisory provides enhanced guidelines for both government and private sector actors to enforce international compliance and disrupt illicit trade. The

UK Sanctions List Update 17 October 2024

Date Published: 2024-10-17T15:09:52.945286 Regimes Affected:

UK Sanctions List Update 17 October 2024

UK Sanctions List Update 17 October 2024

Date Published: 2024-10-17T12:17:43.012378 Regimes Affected: * The Russia (Sanctions) (EU Exit) Regulations 2019 The Russia (Sanctions) (EU Exit) Regulations 2019 Additions Designation: RUS2223 Sanctions: Shipping sanctions: (see "Other information") Last Updated: 17/10/2024 UK Statement of Reasons: ANTAEUS (IMO 9299733) is involved in

OFAC Insights 16 October 2024

OFAC Insights 16 October 2024

What's going on? Recent actions by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) have targeted financial networks and illicit activities involving designated terrorist organizations, including Hizballah and the Popular Front for the Liberation of Palestine (PFLP). A series of sanctions were imposed on individuals

OFAC Insights 15 October 2024

OFAC Insights 15 October 2024

What's going on? The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), in a collaborative action with Canada, has designated the Samidoun Palestinian Prisoner Solidarity Network and Khaled Barakat as supporters of terrorism linked to the Popular Front for the Liberation of Palestine

UK Sanctions Insights 14 October 2024

UK Sanctions Insights 14 October 2024

What's going on? The UK has announced a new set of sanctions targeting key Iranian military figures and organisations following an Iranian ballistic missile attack on Israel on 1 October. These sanctions are aimed at countering Iran's ongoing destabilising activities in the Middle East. Entities affected

UK Sanctions Insights 01 October 2024

UK Sanctions Insights 01 October 2024

What's going on? The UK government, in coordination with the US and Australia, has introduced sanctions against 16 key members of the Russian cybercriminal group Evil Corp. This group is notorious for launching devastating ransomware and malware attacks that have targeted the UK health sector, government entities, and

OFAC Insights 08 October 2024

OFAC Insights 08 October 2024

What's Going On? The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has recently taken significant actions against entities and individuals involved in ongoing conflicts and terrorism-related activities. In Sudan, OFAC sanctioned Algoney Hamdan Daglo Musa, a procurement director for the Rapid

OFAC Insights 02 October 2024

OFAC Insights 02 October 2024

What's going on? The U.S. Department of the Treasury, through its Office of Foreign Assets Control (OFAC), has recently intensified its sanctions efforts targeting various entities posing threats to international security and financial stability. Notable actions include sanctions against networks supplying weapons to the Houthis in Yemen,