Monday, June 12
There was no major development on this day.
Tuesday, June 13
Canada imposed asset-freezing sanctions on two individuals under its Haiti sanctions regime. (Here)
Wednesday, June 14
OFSI updated the UK Maritime Services Ban and Oil Price Cap industry guidance by providing information on derivatives & futures trading, winddown periods, and the meaning of ‘as soon as practicable’ under the UK's sanctions regime against Russia. (Here)
OFAC updated three general licenses under the United States sanctions programs against Iran, Syria, and Venezuela that replaced expiring identical licenses with new licenses that are valid for longer. OFAC also updated its relevant factsheet on the Provision of Humanitarian Assistance and Trade to Combat COVID-19. (Here)
Thursday, June 15
France imposed asset-freezing sanctions on one individual under its autonomous counter-terrorism sanctions regime. (Here)
In an export control (export of arms) related development, the United States Department of State debarred ten persons for having been convicted of violating, or conspiring to violate, the Arms Export Control Act. By debarring, the State Department made the public aware that these ten individuals are prohibited from participating directly or indirectly in activities regulated by the ITAR. (Here)
Friday, June 16
Canada imposed asset-freezing sanctions on additional seven judges in relation to gross and systematic violations of human rights in different branches of Iran’s Revolutionary Courts. (Here)
The United States Department of State imposed visa restrictions (a type of sanction) under Section 212(a)(3)(C) of the Immigration and Nationality Act on Ugandan individuals believed to be responsible for, or complicit in, undermining the democratic process in Uganda. (Here)
Recommendation of the Week
Read this press release published by the Canadian Government about the seizure of a Russian aircraft owned by a sanctioned person. This is notable since the Canadian government is moving forward with seizing the assets as opposed to freezing them.
I wrote an article in the Journal of Financial Compliance about sanctions screening. Check it out here: Economic sanctions on the rise: The ever-increasing importance of sanctions screening in a compliance programme