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Last week's major developments in sanctions - March 25th, 2024, to March 29th, 2024

Monday, March 25

💡 These designations were not made under the recently expanded authority of the Treasury to impose "secondary sanction" against foreign financial institutions.

  • The EU Council in a rather administrative decision, extended the validity of the framework for its Bosnia and Herzegovina sanctions regime. (Decision, press release)

  • The EU Council imposed asset-freezing sanctions against one individual and one entity under its ISIL/Al-Qaeda sanctions regime. (Decision)

  • France imposed asset-freezing sanctions against one individual under its autonomous counter-terrorism sanctions regime. (Here)

Tuesday, March 26
Wednesday, March 27
Thursday, March 28
  • OFSI issued General Licence INT/2024/4576632 which allows certain activities related to transit to port and wind down related to shipping companies. (Here)

  • BIS updated its freight forwarder guidance and best practices. (Here)

Friday, March 29
  • There was no major development on this day.

Recommendation for the week
  • If you have time, you can provide comments to OFSI about the UK's financial sanctions. Here is the link to the survey: link

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