Tag Archives: Russia

US AUTHORITIES ISSUE COMPREHENSIVE IMPLEMENTATION GUIDANCE ON NEW US SANCTIONS LEGISLATION

Following our earlier bulletin, on October 31, 2017, the US Department of State and Department of Treasury’s Office of Foreign Assets Control (“OFAC”) posted comprehensive guidance related to the Countering America’s Adversaries Through Sanctions Act of 2017 (“CAATSA”). The new … Continue reading

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Filed under Announcements, Sanctions and Money Laundering, Sector Updates by Herbert Smith Freehills, US

US PRESIDENT SIGNS IRAN, NORTH KOREA AND RUSSIA SANCTIONS BILL – WITH TWO SIGNING STATEMENTS

H.R. 3364 (the “Countering America’s Adversaries Through Sanctions Act”) overwhelmingly passed the House and Senate and has now been signed into law by the US President, albeit with two partly critical signing statements (here and here). The law represents significant … Continue reading

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Filed under Sanctions and Money Laundering, US

US Senate approves Russia sanctions amendment

A bipartisan US Senate coalition has approved a wide-ranging package of new Russia-related sanctions as an amendment to the Countering Iran's Destabilizing Activities Act of 2017 ("S.722" or "Iran Sanctions Bill") currently pending before Congress. The changes contemplated by these provisions-dubbed-Countering … Continue reading

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Filed under Sanctions and Money Laundering, US

EU extends the duration of asset freeze in relation to Ukraine’s territorial integrity

On 15 September 2016, the European Council announced that the EU's Russia-related asset freezing measures imposed in relation to Ukraine's territorial integrity, sovereignty and independence (which were previously due to expire on 15 September 2016) will be extended for a … Continue reading

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Filed under EU, Europe, Russia, Sanctions and Money Laundering, Ukraine

Russia has taken first steps to implement JCPOA

On 23 November 2015, Russian President signed Edict No. 567 (the "Edict") suspending certain sanctions previously imposed by Russia on Iran in furtherance of the UN Security Council Resolutions.

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Filed under Corporate Crime, Sanctions and Money Laundering

EU extends duration of sanctions against Russia and Crimea & Sevastopol

The EU has recently announced an extension of its sanctions imposed in response to the situation in Ukraine. EU leaders had previously confirmed that the duration of sanctions affecting Russia would be linked to the implementation of the Minsk Agreements, … Continue reading

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Filed under Corporate Crime, Sanctions and Money Laundering

A changing landscape: regulatory developments in the distribution of retail investment products – UK, France, Spain, Germany, Italy, Netherlands, Switzerland, Russia, UAE and Hong Kong

Over the last 18 months, we have seen significant momentum in regulatory developments regarding the distribution of retail investment products, driven by calls at both national and European level to protect consumers better. This movement has been fuelled by the … Continue reading

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Filed under Europe, JURISDICTIONS, Middle East, Non-UK regulation, Regulatory Reform, Sector Updates by Herbert Smith Freehills, UK, UK Regulations