In recent times, there has been a marked increase in the use of co-ordinated economic sanctions by the European Union, the United Nations and individual states against rogue states and organisations and, on a targeted basis, against specific individuals and entities related to those rogue states and organisations. The number of countries which are the […]

US authorities are investigating a member of Russian President Vladimir Putin’s inner circle for money-laundering, The Wall Street Journal reported Wednesday. In a politically thorny tightening of screws on Putin’s billionaire allies, the Justice Department and New York state prosecutors are looking into whether Gennady Timchenko transferred funds linked to allegedly corrupt deals in Russia […]

EU Sanctions Update: EU Extends Sanctions against Syria And Amends Sanctions Against Libya And Somalia; Further Developments Relating To Ukraine/Russia This ebulletin summarises recent developments in various international sanctions regimes  At EU level these are relatively limited: The EU has announced additional sanctions in respect of the situation in Syria, extending the designated persons list […]

Independent newspaper Exclusive: Criminals and corrupt officials from around the globe take advantage of Britain’s lax corporate rules – An investigation by The Independent and the Organised Crime and Corruption Reporting Project, an NGO, has identified dozens of firms in a global web spreading from Birmingham to Belize. The scam appears to have gone on […]

The Independent is passing details of the transactions to the banks. Mr Sarco said: “We hope our colleagues [at Britain’s National Crime Agency] will uncover what activity took place in the UK, but our main difficulty is that the relevant authorities in the Russian Federation are being less co-operative.” He said he had contacted the […]

Call it the Laundromat. It’s a complex system for laundering more than $20 billion in Russian money stolen from the government by corrupt politicians or earned through organized crime activity. It was designed to not only move money from Russian shell companies into EU banks through Latvia, it had the added feature of getting corrupt […]

On the 15th sept the GFSC advised that some amendments by the Council of the European Union to the sanctions measures in place regarding the Territorial Integrity etc. of the Ukraine and the Russian Federation have been published today with immediate effect. These amendments, which have direct effect in the Bailiwick, are as follows; Territorial Integrity […]

The EU has recently expanded the sanctions it has imposed against Russia in response to the situation in Ukraine. In summary, this briefing covers: The EU’s introduction of “phase 3” sanctions affecting key sectors of the Russian economy such as the banking and energy industries; EU trade restrictions relating to Crimea and Sevastopol; and Expansions […]