The FCA has published a new webpage reminding firms of their anti-money laundering obligations in light of recent EU asset freezes against certain individuals in response to events in Ukraine. The webpage encourages firms to take steps necessary to ensure that they continue to meet legal and regulatory anti-money laundering and reporting requirements. A reminder […]

  Following the weekend’s Crimea referendum, the EU and US have taken further steps (building on those outlined in our previous briefing) to impose targeted sanctions in response to the situation in Ukraine. On 17 March 2014, the EU introduced an asset freeze and travel ban applying to 21 Russian individuals. On the same day, […]

Introduction Following a promise by the Council of the European Union (EU) on 20 February 2014 to impose various restrictive measures against Ukraine in response to the deteriorating political situation,1 the EU list of Ukrainian persons subject to an asset freeze has been adopted. This asset freeze list was published as part of Regulation 208/2014 […]

  The EU and US have both recently taken steps to respond to recent events in Ukraine. On 5 March 2014, the EU introduced an asset freeze applying to former President Yanukovych and other former government officials and persons associated with the former government. The UK has introduced domestic legislation criminalising breaches of this asset […]

This alert provides an overview of the sanctions that are currently in place as a result of events currently occurring in Ukraine. It covers the EU sanctions which are currently limited to asset freezes on Victor Yanukoviych, other officials of the former Ukrainian government and some of their close relatives and alleged associates. President Obama […]