Sanctions

In recent years, government bodies have become quick to impose, lift or modify sanctions — sometimes within a few days’ or weeks’ time — to pursue their own interests. At the same time, the global economy requires a nuanced approach and, […]

European Union (EU) sanctions list Economic sanctions are an essential part of the EU’s Common Foreign and Security Policy (CFSP) and are employed as part of the international effort to combat money laundering, terrorism financing and other financial crimes. To […]

The United Nations is an international organization dedicated to promoting peace and security and sustainable economic development across the world. In pursuing those objectives, the UN works to combat financial crimes, including money laundering and terror financing, by imposing sanctions […]

Avoid a AU$450,000 fine: Understand the DFAT Sanctions List The Australian DFAT Sanctions List plays a significant role in the fight against international money laundering and the financing of terrorism due to its influential economic and political powers. To curb […]

His Majesty’s Treasury (HM Treasury) is the UK government’s economic and finance ministry. As part of this role, it is responsible for implementing and enforcing all UK financial sanctions.  As one of the world’s largest economies and business hubs, the […]

To ensure regulatory compliance, financial institutions are required to consult sanctions lists when conducting business with foreign customers. What is a sanctions list? Sanctions lists contain persons, organizations, or countries that are subject to economic sanctions issued by a government […]

In order to carry out its duties, the Office of Foreign Assets Control (OFAC) produces the Specially Designated Nationals and Blocked Persons list – also known as the OFAC SDN list. The OFAC SDN list represents an essential tool in […]

Numerous governments have imposed sanctions against Iran over the past several decades. Iran sanctions measures entail a variety of economic restrictions and have broadly been imposed in response to the Iranian government’s involvement in incidents of international terrorism, its involvement […]

The US government first imposed economic sanctions against Cuba on February 7th, 1962, in response to the Cuban government’s political alignment with the Soviet Union and its ongoing efforts to undermine democratic processes. Implemented by President Kennedy under the terms […]

Economic sanctions against Syria are a response to the Syrian government’s use of chemical weapons against civilians and its sponsorship of terrorist groups. Numerous governments currently maintain Syria sanctions programs, which entail a variety of economic restrictions including trade embargoes, […]

To address violations of international law, human rights abuses, other state-sponsored crimes, and threats to international security, governments may impose sanctions against designated targets around the world. Sanctions are a range of restrictions and penalties imposed on countries, entities, or […]

The Office of Foreign Assets Control (OFAC) is responsible for creating, implementing and enforcing the United States’ sanctions. All parties under US jurisdiction must abide by OFAC sanctions and associated regulations and avoid OFAC sanctions violations. Exemptions to sanction orders […]