Monday, March 25
OFAC and OFSI imposed blocking sanctions against two individuals and one entity in China for alleged cyber attacks against institutions in the United States and the United Kingdom, under their respective cyber sanctions programs. (OFAC designation information, the Department of the Treasury's press release, the Department of State's press release, OFIS designation notice, UK's government press release)
OFAC imposed blocking sanctions on two individuals and eighteen entities for operating in the financial services and technology sectors of the Russian Federation economy including persons developing or offering services in virtual assets that enable the evasion of U.S. sanctions. (OFAC designation information, the Department of the Treasury's press release, the Department of State's press release)
💡 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
OFAC imposed blocking sanctions against five individuals and six entities for supporting Al-Assad's government under its Syria sanctions program. (OFAC designation information, the Department of the Treasury's press release, the Department of State's press release)
OFAC also imposed blocking sanctions against one individual, six entities, and two tankers for their involvement in shipments related to the Islamic Revolutionary Guard Corps-Qods Force, the Houthis, and Hizballah under its global counter-terrorism sanctions program. (OFAC designation information, the Department of the Treasury's press release)
Wednesday, March 27
OFAC imposed blocking sanctions against two individuals and three entities under its counter-terrorism sanctions program for allegedly acting as key financial facilitators involved in fundraising for Hamas. (OFAC designation information, the Department of the Treasury's press release, the Department of State's press release)
OFAC imposed blocking sanctions against six individuals and two entities under its DPRK sanctions program for generating revenue and facilitating financial transactions for the government of North Korea. (OFAC designation information, the Department of the Treasury's press release, the Department of State's press release)
OFSI imposed asset-freezing sanctions against two individuals under its counter-terrorism sanctions regime. (OFIS designation notice)
Thursday, March 28
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