On 6 September 2021, the Office of Financial Sanctions Implementation (“OFSI”) published its 2021 frozen asset reporting notice (see here). The notice is a reminder that all persons that hold or control funds or economic resources belonging to, owned, held, or controlled by a designated person must provide a report to OFSI with the details of these assets by Friday 15 October 2021. This is part of HM Treasury’s annual review of frozen assets to…
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Following the entry into force of the new EU Dual-Use Regulation 2021/821 last month (see also our recent…
On September 24, 2021, the US Department of Treasury’s Office of Foreign Assets Control (“OFAC”) issued two General…
On 9 September the Financial Conduct Authority (“FCA”) and the Prudential Regulation Authority (“PRA”) published a letter to…
Next week we will be heading into the final week of our Annual Compliance Conference where we will…
Hong Kong controls dual-use items under the Import and Export Ordinance (Cap. 60) and its corresponding subsidiary legislation,…
In recent weeks, the US Government has imposed a series of additional sanctions against Russia consisting of additional…