Sanctions Expert’s Post

🔀Russia Sanctions - Updated EU FAQs on reporting outgoing transfers (art.5r)🔀 European Commission published new FAQs on article 5r aiming at giving national competent authorities (NCAs) better visibility on the flow of funds related to Russian-owned entities out of the EU, without jeopardizing the activities of entities that are (partly) Russian-owned and operating legitimately in the EU. This will allow NCAs to assess better whether certain types of transfers pose a risk of violation of Russia-related sanctions and contribute to mapping out Russia’s sources of revenue. #ExportControl #TradeWar #TSECS #SanctionsUpdate #TurkishSociety #Sanctions #USA #OFAC #BIS #TradeUpdates #GlobalTrade #TradeCompliance #InternationalRelations #EconomicSanctions #TradeRegulations #TurkishExports #TradePolicy #SecurityMatters #ForeignPolicy #ComplianceNews #EconomicSecurity #CrossBorderBusiness

One of the many sanctions-related provisions of the National Security Package that President Biden recently signed into law is the imposition of sanctions on parties that are subject to Russia-related sanctions by the UK and EU, but not the US. In this article co-authored by Kian Meshkat of Meshkat Law, P.C., and Mikhail Vishnyakov FCIArb and Anna-Rose Davies of Cooke, Young & Keidan LLP, we examine this specific legislative provision for further harmonization of US, UK, and EU sanctions regimes targeting Russia, while providing relevant compliance considerations for the forthcoming wave of US sanctions. #ofac #russiasanctions #sanctionscompliance #eusanctions #uksanctions #sanctions #sanctionsscreening https://lnkd.in/gH5jxyKh

Before I switch to the IBA Transnational Crime Conference content, I would like to pay your attention to our sanctions digest. The most important developments in sanctions related field just in one file below. #santions #santionsenforcement #russiansantions #wcc

OFSI have launched sanctions FAQs providing “short-form guidance and technical information on UK sanctions”. https://lnkd.in/dz93urCe OFSI have said that it will generally not accept individual requests for new FAQs but will continue to work closely with industry to identify issues where additional guidance may be of benefit. There are currently 91 FAQs, including 44 relating to Russia sanctions. New FAQs will be published on an “as-needed basis”. OFSI have said they may publish FAQs to support a significant policy change, new general licences, enforcement actions or wider implementation problems. #UKSanctions #Russia #EUCommission #ExportControl #TradeWar #TSECS #SanctionsUpdate #TurkishSociety #Sanctions #USA #OFAC #BIS #TradeUpdates #GlobalTrade #TradeCompliance #InternationalRelations #EconomicSanctions #TradeRegulations #TurkishExports #TradePolicy #SecurityMatters #ForeignPolicy #ComplianceNews #EconomicSecurity #CrossBorderBusiness

👉 Are you aware of anyone circumventing EU #sanctions on #Russia or #Belarus? 👉 There is an online tool for whistleblowers to report violations of EU sanctions. 💡 Proper implementation is essential for the effectiveness of EU sanctions. 💡 Sharing first-hand information can be a powerful tool to help uncover cases of sanctions violations. 💡 By voluntarily providing information about violations of EU sanctions you can help to ensure sanctions compliance in the EU. Make an anonymous report to the European Commission: https://lnkd.in/eucwxac3

POLISH SANCTIONS ENFORCEMENT As posted to our European Sanctions Enforcement blog (link in the comments), the Polish authorities have made public their sanctions enforcement statistics to date. These relate to both EU sanctions and Poland's own sanctions. ◾ Total administrative proceedings commenced: 48 ◾ Final decisions to date: 33 ◾ Declination or waiver of fine or finding of no breach: 13 ◾ Fines imposed to date: 20 ◾ Ongoing proceedings: 15 ◾ Total fines to date: 4.8m zloty (c. $1.2m) With thanks to dr Marcin Lukowski, CGSS and Piotr Osiak, ICA, CSS for assistance with accessing the information. #sanctions #sanctionsenforcement #poland

Over the summer, a sharper focus on the enforcement of international sanctions as well as the introduction of further restrictions has complicated the global landscape. In our latest Quarterly Sanctions Update, Sabine Naugès, Raminta Dereskeviciute, and Michal Chajdukowski offer indispensable insight on global sanctions compliance. Don’t miss out—download the latest edition now. https://lnkd.in/eF2Aws4U #Sanctions #InternationalTrade

Violation of sanctions and the EPPO -- here are some thoughts we have just published with my colleague Lucia Zoli

If you want to know more about the new Directive on the violation of EU sanctions and the EPPO 👉have a look at my latest Article co-authored with Peter Csonka

🇪🇺 The new directive on the violation of Union restrictive measures in the context of the EPPO 👇🏻