You can now listen to the audio version of our weekly sanctions updates here . Monday, February 23 On the anniversary of Russia's invasion of Ukraine, the EU's effort to introduce its 21st sanctions package against Russia fell short. However, the EU Council extended some of its sanctions against Russia that were set to expire on February 24, 2026, for another year until February 24, 2027. ( Here ) Furthermore, the EU Council imposed asset freezing sanctions against eight indi

You can now listen to the audio version of our weekly sanctions updates here . Monday, February 16 The UK's government is seeking input regarding the ownership and control test under the UK's sanctions regulations across implementation, cost of compliance and how control appears in practice. ( Here ) This is a great opportunity for everyone, especially compliance professionals to share their view about the challenges associated with determining ownership under the UK sanction

You can now listen to the audio version of our weekly sanctions updates here . Monday, February 9 OFSI updated its guidance on financial sanctions enforcement and monetary penalties to reflect the outcome of the UK's government consultation on improving civil enforcement processes. In short, the new guidance discusses the following changes: Early Account Scheme, Case Assessment, Monetary Penalty Process and Settlement Scheme, Financial Hardship, and Fixed Monetary Penalties.

You can now listen to the audio version of our weekly sanctions updates here . Monday, January 26 OFSI announced a penalty of £160,000 on Bank of Scotland Plc. The bank had processed 28 transactions in breach of the UK's sanctions regulations related to Russia. These transactions related to a designated person. ( Here ) Tuesday, January 27 The U.S. Department of States announced that United States of America, along with 40 countries, gathered last week in Prague, the Czech R

You can now listen to the audio version of our weekly sanctions updates here . Monday, January 19 There was no major development on this date. Tuesday, January 20 There was no major development on this date. Wednesday, January 21 OFAC imposed blocking sanctions against one individual and seven entities under the United States' counter-terrorism sanctions program. ( Here , and the Department of the Treasury's press release ) OFAC submits the 2025's forth quarter report pursuan