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…
Next week we will be heading into the final week of our Annual Compliance Conference where we will be focusing on Trade Sanctions & Export Controls. Our experts will explore important changes in the legal framework in the UK, EU, and US; provide a Foreign Investment Review from a global perspective as well as a focus on the new UK National Security and Investment Act. If you wish to register your interest to join us…
The Recast Dual-Use Regulation published as Regulation 2021/821 has entered into force today (9 September 2021). EU producers of dual-use goods now face new export control rules, which we have analysed in further detail in a recent post. For more detail on the Regulation, please contact Alex Phillips to receive our full client alert and analysis.
On 20 August 2021, the Foreign, Commonwealth and Development Office updated the UK Chemical Weapons financial sanctions regime to include seven Russian nationals linked to the poisoning of Alexei Navalny, the Russian opposition leader. Listed below, the individuals are subject to an freezing of assets and economic resources. Alexey Alexandrov;Vladimir Panyaev;Ivan Vladimirovich Osipov;Vladimir Mikhailovich Bogdanov;Kirill Vasilyev;Stanislav Valentinovich Makshakov;Alexei Semenovich Sedov.