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Monday, July 13 OFSI extended General Licence INT/2025/6641960, which permits Non-DP Account Holders to transfer Investment Assets and Client Money out of brokerage accounts held at designated DP Brokers to non-designated brokers, has been extended by OFSI. The license, originally effective from 18 July 2025, was amended on 13 July 2026 to extend its expiry from 16 July 2026 to 16 July 2027, with all other permissions, conditions, and reporting requirements remaining unchange
Monday, July 6 The UK Government imposed asset freezing sanctions against seven individuals and two entities, all based in Russia, targeting directors, deputy directors, and senior scientific staff of SC Signal and the State Research Institute of Military Medicine (GNIII VM), both linked to the previously-designated (October 2020) State Research Institute of Organic Chemistry and Technology (GosNIIOKhT), in connection with Russia's undeclared chemical weapons program and the
Monday, June 29 OFAC launched a new online Reconsideration Portal for the submission of requests to be removed from an OFAC sanctions list. OFAC announced that this portal is intended to streamline the petitions process by guiding submitters to provide necessary information upfront, rather than through a series of questionnaire/answer exchanges that can delay efficient adjudication of a delisting petition. Listed persons can also request certain unclassified, non-privileged i
Monday, June 22 In the wake of Iran-USA MoU, OFAC issued GL X, authorizing all transactions prohibited by the several Iran and Iran-related authorities that are ordinarily incident and necessary to the production, sale, delivery, or offloading of crude oil, petrochemical products, or petroleum products of Iranian origin, including transactions involving vessels blocked under the names authorities, through 12:01 a.m. eastern daylight time, August 21, 2026. (Here) OFAC imposed
You can now listen to the audio version of our weekly sanctions updates here. Monday, June 15 The EU Council adopted a comprehensive sanctions package consisting of 34 individuals and 47 entities in response to Russia's war of aggression against Ukraine, hybrid threats, and systematic human rights violations. The measures target Russia's military-industrial complex, its shadow fleet ecosystem used to circumvent energy sanctions, state propaganda networks, and those responsibl
