JCPoA implementation estimated timeline...

The European Union has made further additions to the list of sanctioned parties under the regime put in place in response to the Russian Federation’s actions in the Crimea.

The UK's National Crime Agency has reached a settlement agreement with ENEX Premium Trading Limited regarding allegations of money laundering and sanctions evasion connected to the shipment of stolen Ukrainian grain.

An Indian national serving as captain of a sanctioned Russian oil tanker faces criminal prosecution in the UK, with his bail application denied and a trial scheduled for December. The court will also hear a motion to dismiss the charges in November, though the legal basis for dismissal remains undisclosed.

The EPO has issued a statement on its website entitled "Standing together for peace in Europe", announcing that it has frozen co-operation activities with the Federation of Russia and of Belarus.

In this weekly update, we summarise the most notable updates in the UK sanctions world. If you have any questions in respect of any of the developments set out below...

Today, the United Kingdom imposed asset freeze restrictions on Vladimir Putin and Russian Foreign Minister Sergei Lavrov.

The UK’s National Crime Agency has published a press release confirming that it has charged John Michael Ormerod with two counts of breaches the UK’s Russian sanctions as well...

18 October 2015, marked ‘Adoption Day' for the Joint Comprehensive Plan of Action. The JCPOA was agreed upon 90 days earlier, between the United States, Russia, China, the United Kingdom, France, and Germany, together with Iran.

These new restrictions affect various industries, including minerals, energy, shipping, banking, finance, and aviation.

COVID-19 Key EU Developments, Policy & Regulatory Update No. 18.

BCL associate Umar Azmeh gives an overview of sanctions in the UK and the manner in which BCL's experience can assist clients navigate an ever-evolving arena.

On 8 February 2012, HM Treasury announced that it had agreed on a government-to-government approach to improving international tax compliance and implementing the US Foreign Account Tax Compliance Act (FATCA), an act designed to tackle cross-border tax evasion.

According to White House Press Secretary Sean Spicer, a missile test conducted on January 29, 2017 by Iran was a driving force behind the new sanctions.

A UK court dismissed sanctions charges against art gallery Hauser & Wirth and logistics company Artay Rauchweger, ruling that prosecutors failed to prove the buyer of luxury artwork was "ordinarily resident" in Russia at the time of sale. The judge determined that evidence of continuing connection to Russia was insufficient to meet the statutory test for ordinary residence under UK sanctions regulations.

BCL Solicitors provides comprehensive coverage of UK and international sanctions developments, offering expert analysis on enforcement actions, regulatory changes, and compliance challenges.

HMRC has taken the unprecedented step of publicly naming Petrofac Facilities Management Limited after the company paid a compound settlement of £569,157.07 for Russia sanctions violations. Meanwhile, OFSI has released responses to its call for evidence on ownership and control tests, revealing significant practical challenges and costs faced by businesses in making compliance assessments with limited information.

It is being reported, following a Freedom of Information request to HM Treasury, that the UK's Office of Financial Sanctions Implementation has between 1 and 5 investigations...

The Office of Trade Sanctions Implementation has published a report on its first year of operations.

Further to our earlier post, it is being reported that the trial in the UK's criminal prosecution the art gallery Hauser and Wirth, and shipping company, Artay Rauchwerger Solomons...