Last Week's Major Developments in Sanctions - November 3, 2025, to November 7, 2025

OFSI published guidance for the freight and shipping sector on countering Russian sanctions evasion. The guidance shares best practices and red flags. (Here)
UK's Revenue & Customs published a case study about a compound settlement involved a penalty of £1,160,725.67, which was paid to HMRC in May 2025, in relation to a UK exporter that made goods available to Russia. The case study discusses the meanings of "connected with Russia" and "making available" in the regulations. (Here)

France imposed asset freezing sanctions against one individual under its autonomous counter-terrorisms sanctions regime. (Here)
OFAC imposed blocking sanctions against eight individuals and two entities under it North Korea and cyber programs because of their involvement in in laundering funds derived from a variety of illicit North Korean schemes, including cybercrime and information technology worker fraud. OFAC also identified 53 wallet addresses associated with Cheil Credit Bank of North Korea, which was already designated. (Here, the Department of the Treasury's press release, and the Department of State's press release)

OFSI updated General License INT/2024/5394840 by extending it through 7 November 2027; amending the definition of Designated Credit or Financial Institution; and changing the reporting conditions. Under the revised General License a Relevant Institution must report to HM Treasury any Relevant Payments processed under General Licence INT/2024/5394840 during that calendar month with details and supporting evidence of the amount(s) processed; the name of the Original Sender and the Original Intended Recipient; the name on the account at the final institution in the chain of payments to which the funds were processed; the payment route used; and the date on which the funds were processed, Within 14 days of the end of each calendar month. (Here)

The United Nations Security Council removed sanctions against Syria’s Transitional President and Interior Minister from the UN's ISIL (Da’esh), Al-Qaida Sanctions List. (Here) These changes were shortly reflected by OFAC, OFSI, ASO, and the EU.
OFSI imposed asset freezing sanctions on one individual and one entity under its domestic Counter-Terrorism sanctions regime. (Here)
OFSI updated its Iran nuclear sanctions guidance to reflect changes following the snap-back of sanctions. (Here)
OFAC imposed blocking sanctions against three individuals who allegedly facilitated funneling tens of millions of dollars from Iran to Hizballah in 2025, using exchange houses to take advantage of Lebanon’s cash-based financial sector. (Here, the Department of the Treasury's press release, and the Department of State's press release)