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The 14th package of sanctions adopted by the EU against Russia in response to the ongoing war against Ukraine, includes measures related to vessels and Russian liquified natural gas (LNG).

On 12 April 2024, the European Council gave the final approval of a new directive (the Sanctions Offences Directive) aimed at standardising the enforcement of EU sanctions across EU member states.

Cyprus has taken a decisive step toward strengthening its financial integrity with the launch of the National Sanctions Implementation Unit (NSIU), known in Greek as the Εθνική Μονάδα Εφαρμογής Κυρώσεων (EMEK).

As a Member State of the United Nations (‘UN') and the European Union (‘EU'), the Republic of Cyprus has an obligation to enforce and implement

On the 24th April 2024, the EU Council adopted Directive (EU) 2024/1226 (the "Directive"), through which it introduced a number of criminal offences relating to violation of EU restrictive measures.

The European Commission has implemented Article 5r of Council Regulation (EU) 833/2014 which introduces a new reporting obligation.

On 18 November 2024, the European Union announced a significant extension of its sanctions against Iran in response to Tehran's ongoing military support for Russia's invasion of Ukraine.

"Sanctions", or "Restrictive Measures", are imposed on natural and legal persons in order to prevent and limit violation of International Law, human rights and politics.

Cyprus is undergoing a significant regulatory transformation in 2025, reinforcing its sanctions enforcement mechanisms and modernizing its anti money laundering (AML) laws...

Financial sanctions are restrictive measures imposed by governments and international bodies to achieve foreign policy and security objectives, preventing individuals, entities...

AAS Business has published an interview with Partner, Nikolas Tsardellis. The interview concerns the impact on Cyprus and its professional services sector of the...

The 14th package of EU restrictive measures against Russia was issued on the 24th of June 2024. As it seems, the primary aim of the EU was to broaden the coverage of EU sanction.

Through the enactment of Regulation 269/2014 (the "Regulation"), the European Union imposed restrictive measures in response to Russia's actions which undermine Ukraine's sovereignty.

A recent article authored by Elias Neocleous & Co LLC Associate Katerina Pillakouri, and published in the Cyprus Mail, explores the recent developments surrounding the European Union's...

In an increasingly interconnected financial world, combatting the proliferation of weapons of mass destruction (WMD) and its financing remains a top priority.

The EU has imposed three packages of sanctions against Russia in response to the Russian recognition of the non-government controlled areas of the Donetsk and Luhansk oblasts of Ukraine...

France, Germany and the UK are seeking to establish a payment channel to bypass the new US sanctions against Iran in order to enable trading between European and Iranian businesses in key sectors, specifically oil industry.

On 12 and 13 March 2025, the European Parliament adopted a series of resolutions reinforcing its commitment to using sanctions as a key foreign policy tool.