Corporate Crime

EU introduces new asset freezing measures against Yemen

On 19 December, the EU published Council Decision 2014/932/CFSP and Regulation 1352/2014 in relation to the situation in Yemen. The measures came into force immediately upon publication. The new measures impose an asset freeze on three individuals: Abdullah Yahya Al … Continue reading

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Filed under Corporate Crime, Europe, European Regulation, Middle East, Sanctions

US President signs Ukraine Freedom Support Act into law

On 13 December 2014, the US Congress passed legislation entitled the “Ukraine Freedom Support Act of 2014” (H.R. 5859) seeking to impose new sanctions against Russia and in support of Ukraine.  On Thursday, December 18, President Obama signed the Act … Continue reading

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Filed under Americas, Corporate Crime, Sanctions, Ukraine, US

EU sanctions update: Russia

Our latest briefing summarises recent developments in the EU’s sanctions imposed against Russia.  In particular, we provide an overview of (a) new measures relating to Crimea and Sevastopol and (b) new European Commission guidance on certain of the financial sector … Continue reading

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Filed under Corporate Crime, European Guidance, European Regulation, Russia, Sanctions

EU: Ukraine Sanctions – EU expands asset freezing measures

On 12 May 2014, the EU announced that it was further expanding the sanctions imposed in connection with the situation in Ukraine in light of a perceived continuation of efforts to destabilise eastern and southern Ukraine. 

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Filed under Corporate Crime, EU, Europe, Sanctions, Ukraine

Ukraine – EU and US impose asset freeze and travel ban on Ukrainian and Russian individuals

Following the weekend’s Crimea referendum, the EU and US have taken further steps (building on those outlined in our previous briefing) to impose targeted sanctions in response to the situation in Ukraine. On 17 March 2014, the EU introduced an … Continue reading

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Filed under Corporate Crime, Sanctions

Sanctions Update: Ukraine

Ukraine – EU imposes asset freeze on members of former government and issues a statement in relation to Russia; US introduces Executive Order permitting the blocking of assets The EU and US have both recently taken steps to respond to … Continue reading

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Filed under Corporate Crime, Europe, Sanctions

Geneva Agreement – Temporary relaxation of Iran sanctions announced

In the early hours of 24 November, the P5+1 (the UK, US, Germany, France, Russia and China, facilitated by the EU) announced that they had reached a set of initial understandings with Iran. In exchange for limits on Iran’s nuclear … Continue reading

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Filed under Corporate Crime, Sanctions

SFO brings first Bribery Act charges

The Serious Fraud Office (“SFO“) had its first day in court in a Bribery Act prosecution on 24 September 2013, with three of four defendants connected with a £23m fraud at Sustainable AgroEnergy plc (“AgroEnergy“) facing charges of making and … Continue reading

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Filed under Corporate Crime, Sanctions, UK

FCA Fines Bank for Anti-Money Laundering Failings

On 8 August 2013 the Financial Conduct Authority (“FCA”) issued a Final Notice against Guaranty Trust Bank (UK) Limited (“GTBUK”), the fifth in a series of cases arising from the FSA’s 2010 thematic review of banks’ management of higher money … Continue reading

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Filed under Corporate Crime, Sanctions, Uncategorized

Recent Sanctions Developments: EU relaxes certain Syrian sanctions and amends measures relating to North Korea, Iran and Tunisia; US relaxes Myanmar sanctions

The EU has recently published a new Regulation (Regulation 697/2013 of 22 July 2013 (“Regulation 697/2013”)) which amends Regulation 36/2012, the key piece of legislation setting out the EU’s sanctions against Syria.  In this briefing we analyse the new provisions … Continue reading

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Filed under Corporate Crime, European Regulation, Sanctions