25th December 2020
Companies need to be aware of likely changes to the U.K.’s sanctions regime as the end of the Brexit transition period approaches, sanctions compliance attorneys said. During the transition period, which is set to end on Dec. 31, individuals and companies in the U.K. have been required to comply with… Read More
18th December 2020
The European Union on December 17 imposed a third round of economic sanctions on dozens of Belarusian individuals and entities over their suspected involvement in a crackdown on ongoing pro-democracy protests. The latest round of sanctions was initially announced on December 16 and officially adopted during a meeting the next… Read More
18th December 2020
European officials have provided information to the U.S. government indicating that Russian billionaire Oleg Deripaska continued to exert control this year over United Co. Rusal International PJSC, which the officials say was a breach of a U.S. sanctions agreement reached in 2018. An assessment sent to U.S. officials earlier… Read More
17th December 2020
The European Banking Authority (EBA) published today an Opinion on how to strengthen the connection between the EU legal frameworks on anti-money laundering and terrorist financing, and deposit protection. The proposals set out in the Opinion are addressed to the European Commission and aim at informing its ongoing reviews of… Read More
17th December 2020
The European Parliament will urge European Union leaders to use new sanction powers to punish Xinjiang officials but stop short of invoking any claim of “genocide”, according to a draft resolution seen by the South China Morning Post. The motion’s preparation comes shortly after the EU’s foreign policy chief, Josep… Read More
16th December 2020
By Cecilia Anesi and Giulio Rubino, OCCRP, 15 December 2020 OCCRP–Police agencies have long known that Mexican drug cartels help supply Europe’s nearly US$10 billion annual cocaine habit, but acknowledge they have little idea about the workings of these highly organized and well-financed operations. But now,… Read More
16th December 2020
On December 7, the EU adopted the global human rights sanctions regime. This has attracted much attention and is certainly a step forward for human rights protection. Yet, it is not clear that the regime in itself denotes a major upgrade in EU human rights and democracy policies. The EU… Read More
16th December 2020
Deal People in the financial services industry believe they effectively went through a hard Brexit four years ago. As talks have dragged on over a free-trade deal, banking, insurance and asset management have not formed a big part of the discussion. Even if a deal for manufacturers is hammered out… Read More
15th December 2020
There are indications that criminal organizations are preparing to intercept a large sum of the funds slated for Italy and there’s widespread public concern that the much-needed financial support is a chimera more than anything else. “There is despair, because the situation is already dramatic, and the concern is that… Read More
11th December 2020
The U.S. and European Union are applying pressure on Turkish President Recep Tayyip Erdogan, with Washington planning sanctions over Turkey’s acquisition of a Russian air-defense system and the EU targeting people involved in Ankara’s energy exploration activities in the eastern Mediterranean. The EU measure, approved by leaders at a… Read More