Effective March 16, Canada has amended its sanctions measures imposed on Belarus by designating an additional 22 individuals in response to Belarus’ support for the Russian invasion of Ukraine. Twenty-two new Belarusian individuals have been listed under a new Part 1.1 of Schedule 1 which is a discrete section of Schedule 1 for individuals identified by the Government of Canada to be involved in grave breaches of international peace and security and consists of senior…
In this uncertain time, some global companies are announcing that they are “leaving Russia.” What does it mean to “leave Russia,” and what are the data privacy implications of doing so? Setting aside the broader business, political, and other legal considerations, the following are some initial thoughts on these challenging and rapidly developing data privacy issues. What does it mean for a global company to “leave Russia”? The specifics of the answer to this question…
Belarus I. Introduction and summary On 16March 2022, the Swiss Federal Council, in view of Belarus’ involvement in Russia’s warfare in Ukraine, decided to adopt in full the extended sanctions against Belarus introduced by the EU on 2 and 9 March 2022. For this purpose, the Swiss Federal Council has approved the complete revision of the Ordinance on Measures against Belarus, which entered into force on 16 March 2022, at noon(the “Ordinance”). The newly adopted measures…
On 14 March 2022, the Monetary Authority of Singapore (“MAS”) issued the following 2 notices that are legally binding on all financial institutions regulated by the MAS (including banks, finance companies, insurers, capital markets intermediaries, securities exchanges, payment service providers and digital payment token service providers): Notice SNR-N01 Financial Measures in Relation to Russia Notice SNR-N02 Financial Measures in Relation to Russia – Non-prohibited Payments and Transactions Notice SNR-N02 sets out the general sanctions measures against…