Tag Archives: 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

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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Iran sanctions: Implementation of the Geneva Agreement

In November 2013, the P5+1 reached agreement on a Joint Plan of Action (JPoA) to suspend certain sanctions in exchange for Iran rolling back aspects of its nuclear programme.  On Monday 20 January 2014, the JPoA came into effect.  The … Continue reading

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Filed under Europe, European Regulation, Middle East, Sanctions

Anti-money laundering and anti-bribery systems and controls at asset management firms: FCA thematic review

In October 2013, the Financial Conduct Authority (FCA) published the much-anticipated report of its thematic review into anti-money laundering (AML) and anti-bribery and corruption (ABC) systems and controls at asset management and platform firms.  The report follows the FSA/FCA’s previous … Continue reading

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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

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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UK: Myanmar (Burma) sanctions are lifted

As expected, the UK Government yesterday revoked the Burma/Myanmar (Financial Restrictions) Regulations 2009.  These regulations contained criminal penalties for breaches of financial sanctions.  The practical effect is that there are no more asset freezing and financial sanctions in respect of … Continue reading

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Filed under Asia, Corporate Crime, Sanctions

New EU Directive: Reporting by Extractive Companies on Government Payments

The European Parliament and Council of Ministers have agreed the final form of the new EU rules for the disclosure, on a project by project basis, of payments to governments by companies operating in the extractive  industries. The EU’s agreement … Continue reading

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Filed under Corporate Crime, Europe, European Regulation, Sanctions, UK