On January 22, 2024, the United States, United Kingdom, and Australia announced an additional round of coordinated sanctions designations of individuals, entities, and aircraft linked to Hamas and the Palestinian Islamic Jihad (“PIJ”). This coordinated action builds on recent joint US-UK and unilateral US designations. Our prior blog post on the October 18, 2023 US designations is available here. US Sanctions On January 22, 2024, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”)…
On 25 October 2023, the Australian Government published two new designations (see here and here) (Designations) introducing new goods export sanctions for Russia and specified regions of Ukraine (being the Crimea, Sevastopol, Donetsk and Luhansk regions). Under the Designations, the following goods have been designated as “export sanctioned goods”: The export of these goods to Russia and the specified regions of Ukraine is now blocked under sub-regulation 4(3) of the Autonomous Sanctions Regulations 2011. The…
Over the past eight weeks, following the announcement of the G7’s Sanctions Enforcement Coordination Mechanism, we have journeyed to our offices in each of the G7 members to ask our local sanctions experts to weigh in on what companies should know about sanctions enforcement in their jurisdiction — and what companies should be doing today to prepare — in light of the increase in sanctions enforcement, which we are already seeing on the ground. By…
On 24 February 2023, the Australian Government announced that it had imposed further targeted financial sanctions and travel bans on 90 persons, and targeted financial sanctions on 40 entities. The new designations include Russian ministers with responsibilities spanning energy, natural resources, industry, education, labour, migration and health, being areas of economic and strategic significance to Russia or that threaten the territorial integrity or sovereignty of Ukraine, and include: Australia has now imposed more than 1,000…