Work Area: Sanctions

Sabre Corp reports potential sanctions violations to OFSI

US technology company Sabre Corporation, which provides specialist booking software for airlines, has self-reported potential sanctions breaches to the UK’s civil sanctions enforcer.

02 November 2023

Company fined, businessman receives prison time in Dutch export control case

A Dutch court has sentenced a Russian man to prison for a year-and-a-half and penalised his company following the Netherlands’ first trade sanctions trial since the start of Russia’s full-scale invasion of Ukraine.

01 November 2023

Three Russian citizens arrested in New York for military procurement scheme

A Brooklyn resident and a couple living in Montreal were arrested in New York for their roles in a scheme to send millions of dollars worth of electronics to Russia that were found in tanks, drones, and other military equipment seized in Ukraine.

31 October 2023

Russian oligarch detained in France over sanctions violations, tax fraud

France financial crime investigators have detained sanctioned Russian businessman Alexey Kuzmichev and searched some of his properties on suspicion of violating sanctions, money laundering and tax evasion.

31 October 2023

US Treasury puts focus on banks, SMEs to prevent sanctions circumvention

A senior US Treasury Department official has said that financial institutions and small and medium-sized companies need to act as the first line of defence against Russian actors circumventing sanctions.

30 October 2023

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

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