Topic: Asset freezing

UK MPs strike down amendments to economic crime bill

The House of Commons on Monday rejected a number of amendments to the country’s new economic crime prevention legislation.

05 September 2023

“Go home and get nothing”: Western companies grapple with Russian exit taxes

Moscow’s draconian regulations force Western companies to sell their Russian assets at an extreme discount and tack on a special tax to the sale. Meanwhile, the US wants companies to apply for a special licence to divest their Russian assets. Lawyers say the conflicting rules are hard to navigate.

11 August 2023

UK court tightens grip around Karimova’s London properties

A London court has agreed to appoint an independent manager to oversee properties linked to the daughter of the former president of Uzbekistan that the Serious Fraud Office is trying to seize.

09 August 2023

Germany plans new anti-money laundering, sanctions body

25 July 2023

Former Russian bank board members get de-listed

The Office of Foreign Assets Control de-listed two former Russian bank board members who sued the US government arguing that they were wrongfully sanctioned.

21 July 2023

Italy freezes $2.5 billion of sanctioned Russian assets

05 July 2023

PetroSaudi founder spars with former US legal team

Tarek Obaid denied having a breakdown in communication with BakerHostetler but admitted he had limited his contact with the firm to “stop his meter from running”.

17 May 2023

London Capital & Finance ex-CEO sentenced for breaching account freezing order

17 May 2023

DOJ moves to seize Vekselberg properties worth $75m on anniversary of Russian invasion

Prosecutors also charged a Russian national with smuggling espionage equipment from the US to Russia and North Korea in violation of export controls.

24 February 2023

Ukraine freezes mining company’s bank accounts

A Ukrainian court has frozen the bank accounts of a local subsidiary of Swiss-headquartered iron ore producer Ferrexpo at the request of Ukraine’s Office of the Prosecutor General.

07 February 2023

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