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 […]
Sanctions
As one of the world’s largest economies and business hubs, the UK plays an important role in the global fight against money laundering and terrorism financing. Accordingly, the UK imposes financial sanctions against a variety of foreign targets that are […]
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 […]
Sanctions Against Iran: What You Need To Know 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 […]
Cuba Sanctions from the United States 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 […]
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, and other forms of state-sponsored crime, governments may impose economic sanctions against designated targets around the world. Sanctions cover a range of financial restrictions and prohibitions and are often deployed to […]
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 […]
One of the ways the US punishes violations of international law, human rights abuses, and other state-sponsored criminal activities is by imposing economic sanctions against countries, entities, and individuals. The OFAC sanctions regime is implemented and enforced by a dedicated branch of […]
This guide will outline the UK sanctions post-brexit regulations and inform you of what you need to know to ensure you are complying with the renewed sanction laws. Sanctions in the UK fall under the authority of several different departments. […]