Work Area: Sanctions

Sanctions Docket: Fridman loses OFSI challenge over payment waivers

In the latest round-up of sanctions developments, oligarch Mikhail Fridman has lost a tussle with OFSI for permission to make further payments towards the upkeep of his house, and a US automotive electronics supplier is still waiting to hear from OFAC almost a decade after a voluntary self-disclosure of potential sanctions breaches.

27 October 2023

GIR Live: Global Investigations Summit 2023 – in pictures

A look back on the latest GIR Live: Global Investigations Summit conference held in Madrid from 4 to 6 October.

25 October 2023

Russian oil tycoon contests DOJ yacht forfeiture

Eduard Khudainatov filed a lawsuit against the DOJ claiming that it is him, and not sanctioned oligarch Suleiman Kerimov, who rightfully owns a $330 million megayacht the government seized in 2022.

24 October 2023

OFAC hires Rachel Alpert as new chief counsel

Alpert was previously a partner at Jenner & Block and served as the co-chair of the firm’s national security, sanctions and export controls practice. She was also a member of its human rights & global strategy practice.

24 October 2023

UK judge’s broad take on ownership and control unsettles practitioners

“Guidance from the government and OFSI will ease enforcement risk but for overarching comfort, the legislation needs to change,” one lawyer said, following a judge’s recent comments that a designated person can control a company through their political influence.

24 October 2023

DOJ files forfeiture complaint against Kerimov-linked yacht

Prosecutors filed a civil forfeiture complaint for the Russian oligarch-linked luxury yacht almost a year and a half after its seizure in Fiji.

23 October 2023

OECD foreign bribery group: Brazil must “vigorously address” independence issues

Featured in Investigator's Guide to Brazil

An anti-bribery group has raised concerns about possible political bias and “independence issues” in Brazil that have the potential to stymie investigations.

19 October 2023

Swedish financial authority closes Ericsson probe

The Swedish Financial Supervisory Authority closed an inquiry into whether the telecommunications company was required to disclose its internal investigation into misconduct in Iraq, Ericsson disclosed.

18 October 2023

European court confirms Total and Vitol’s convictions in Iraq bribery case

Europe’s highest court has affirmed the convictions of French energy company Total and Swiss commodities trader Vitol for participating in a bribery scheme two decades ago to circumvent a United Nations embargo against Iraq.

17 October 2023

US-sanctioned shipping company sues Reed Smith over failed tanker deal

A Dubai shipping company is seeking over $20 million in damages, claiming that the law firm scuppered the purchase of an oil tanker and committed a criminal offence in the UK in the process.

16 October 2023

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