Urgent update Circular - 28th January
Latest Club guidance on sanctions
- Date: 07/03/2014
As part of the response to the ongoing tensions in the Ukraine and Crimea, the EU yesterday issued Council Regulation (EU) No 208/2014, which imposed limited sanctions targeted at individuals associated with the regime of President Yanukovich. The EU regulation came into force on 06/04/2014.
HM Treasury has issued a notice explaining the effect and implications of the EU regulation. The US Department of the Treasury has also issued a Bulletin in relation to the signing of an Executive Order authorising the US Government to impose sanctions on a similar basis.
For any further enquiries please contact:
Links to the EU Regulation, HM Treasury Notice and the US Treasury Bulletin attached at the head of this webpage can be found below:
Council Regulation (EU) No 208/2014
HM Treasury Financial Sanctions Notice
US Department of the Treasury Bulletin
Country-specific resources on sanctions
Government resources on sanctions
Two excellent resources on current sanctions regimes are those of the HM Treasury website and the US Treasury website. Both provide individual sections on each sanctions regime that they maintain including financial sanctions, licensing arrangements, guidelines and FAQs. A link to the relevant pages of those sites is included in the specific national sections found below on this page.
Members can check the sanctioned parties on two websites:
a) United Kingdom Treasury ( HMT): https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
b) United States Office of Foreign Asset Control ( OFAC): ttp://www.treasury.gov/ofac/downloads/t11sdn.pdf