Muizzu & Co LLP’s Post

The year may be winding down, but the Swiss sanctions authority's activities have been ramping up. Over the past few years, we have seen how Switzerland has often borrowed from the EU's approach to sanctions -- increasingly with its own twist and unique approach. Our trade team in our Zurich office has summarized two recent reports issued by the Swiss Federation Council that provide guidance comparing/contrasting sanctions implementation and penalties in Switzerland and the EU: https://lnkd.in/egg9BG2D

The Office of Financial Sanctions Implementation (OFSI) published new Financial Sanctions #FAQs. 91 new FAQs are available for firms covering the following sanctions regimes and categories:  ➡️ Russia;  ➡️ Russian Oil Services Ban;  ➡️ Libya;  ➡️ General Licensing; and  ➡️ Crown Dependencies and Overseas Territories. Firms can view the FAQs to aide compliance with financial sanctions obligations, as a supplement to OFSI’s primary guidance. Learn more: https://lnkd.in/egcz4U-p

Navigating Sanctions: An International Guide | We’ve gathered experts from US, EU, and UK perspectives on the current international sanctions regimes and asked for their predictions for the future. Our seasoned practitioners can help you navigate sanctions risk now and plan for what may be coming next. https://bit.ly/49tUNch

We have just published the latest sanctions matrix which summaries UK, EU and US sanctions currently in force. #sanctions #sanctionsmatrix #DLAPiper

We are pleased to announce the publication of our quarterly Sanctions Matrix, April 2024 edition - see below #Sanctions #InternationalTrade

Russia and China have taken a significant step in deepening their economic and strategic partnership by creating Regional Clearing Platforms (RCPs). These mechanisms are explicitly designed to bypass international sanctions and facilitate cross-border payments for sensitive goods, including those critical to Russia’s military-industrial complex. This collaborative effort highlights a growing challenge for the global sanctions regime, particularly as the two nations continue to align their financial infrastructures. Table of Contents: - The Mechanics of Regional Clearing Platforms - A Growing Network of Sanctions Evasion - The Role of Keremet Bank in Kyrgyzstan - Implications for the Global Sanctions Regime - Conclusion: Strengthening Sanctions to Counter Evasion Read the full article on FinCrime Central: https://lnkd.in/eS6wssa3 A quick click means a lot to FinCrime Central—and who knows, you might just find something interesting!

Need a quick guide to global sanctions legislation currently in force? Take a look at the latest edition of our quarterly Sanctions Matrix. The matrix outlines all current UK, EU, and US sanctions in effect, and is updated every quarter to keep you informed and compliant. It includes the key points for companies navigating international waters. Visit our webpage or reach out to schedule an introductory discussion with one of the authors - Chloe Barker, Ramsey Jurdi, Katie Palms, Thilo Streit and Laura Shingler. We're here to address your sanctions-related exposures, concerns, and priorities. #Sanctions #Embargos #InternationalTrade #Compliance #GlobalTrade

International trade partners Mahmoud (Mac) Fadlallah and Jason Prince will be presenting at the 18th Annual Flagship Conference on Economic Sanctions Enforcement and Compliance in Washington, D.C. on April 29-30. Mac’s session, "The Middle East: Meeting New Iran Sanctions Compliance Challenges Amid Shifting Geopolitical and Regulatory Changes," will be held on April 29 at 11:30 a.m. ET. Jason’s session, “OFAC’s Expectations for IP Blocking and Geofencing,” will be held on April 30 at 2:35 p.m. ET. To register, visit: https://lnkd.in/dTCM9ut (registrants may save 15% using code P15-999-OVRA24) #InternationalTrade #Sanctions #DCEconSanctions24

On 14 November 2024, the UK introduced the Sanctions (EU Exit) (Miscellaneous Amendments) (No.2) Regulations 2024, bringing several updates to all of its financial sanctions regimes, including that on Russia. These changes aim to enhance compliance, enforcement and clarity in the UK sanctions framework. Below is a short blog update on what you need to be aware of: #uk #sanctions

Russia and China have taken a significant step in deepening their economic and strategic partnership by creating Regional Clearing Platforms (RCPs). These mechanisms are explicitly designed to bypass international sanctions and facilitate cross-border payments for sensitive goods, including those critical to Russia’s military-industrial complex. This collaborative effort highlights a growing challenge for the global sanctions regime, particularly as the two nations continue to align their financial infrastructures. Table of Contents: - The Mechanics of Regional Clearing Platforms - A Growing Network of Sanctions Evasion - The Role of Keremet Bank in Kyrgyzstan - Implications for the Global Sanctions Regime - Conclusion: Strengthening Sanctions to Counter Evasion Read the full article on FinCrime Central: https://lnkd.in/euMK3zH5 A quick click means a lot to FinCrime Central—and who knows, you might just find something interesting!