Skillsmalta’s Post

[ONLINE] Sanction Compliance under Maltese Law – Developments 30 July The webinar will delve into the various obligations in respect of sanctions compliance as emanating from Maltese law. The webinar will tackle the applicable sanctions regime in Malta, from a legal and regulatory framework, including the role and functions of the Sanctions Monitoring Board, the related obligations of subject persons and of natural and legal persons, and the consequences of non-compliance. Practical insights for compliance with sanctions will also be provided. Instructed by: Stephanie J. Coppini.

Proud to have collaborated with my colleagues Stephen Nattrass and Erin Brown on the Sanctions Regime Practice Note for Practical Law Global. Click below to learn more about what has been included in the Practice Note and why it is important for your business. Of course, you can always reach out to a member of our team if you have any questions. #Sanctions #LegalWriting #LegalTopics #Canada #CanadianBusiness

The joined appeals in Dalston Projects Ltd v Secretary of State for Transport and Shvidler v Secretary of State for Foreign, Commonwealth and Development Affairs presented the first opportunity for the Court of Appeal to provide guidance on the correct approach to challenges to sanctions designations brought under section 38 of the Sanctions and Anti-Money Laundering Act 2018. In this article for LexisNexis UK Corporate Crime expert, Kerri McGuigan and Liam Lane discuss the background to, and the practical implications of, the case as well as the court’s decision. Read more: https://lnkd.in/eP8Xr3pw #sanctions #internationallaw #legalinsights #law #lawyer

Australia has issued permit SAN-2024-00138, which authorises: making assets available to persons or entities designated under the Autonomous Sanctions Regulations 2011, and the use of, or dealing with ‘controlled assets’, in connection with legal services, settlement of legal proceedings, and payment of legal costs. The permit revokes and replaces SAN02922-00079, which previously authorised legal services payments. Those seeking to rely on the new permit must notify the Australian Sanctions Office. SAN-2024-00138 came into effect 30 October 2024 and will remain valid for 2 years unless revoked. https://lnkd.in/eVCDBGaf #TürkiyeTradeCompliance #ExportControlTürkiye #TurkeySanctionsUpdate #USATradeSanctions #OFACRegulations #TurkishExports #EconomicSanctions #TradeComplianceTürkiye #GlobalTradeCompliance #EUTradeRelations #TurkishEconomy2024 #SanctionsCompliance #EconomicSecurityTürkiye #TradePolicyTürkiye #GlobalSanctionsNews

The Solicitors Regulation Authority (SRA) has ramped up sanctions investigations, reporting 22 cases in the past year — an increase from the previous period. John Binns of BCL Solicitors questioned the SRA’s involvement in sanctions enforcement, given that OFSI is the specialist authority. However, many argue that it's crucial for the SRA to ensure law firms are compliant, given their role in preventing illicit financial flows. As sanctions enforcement grows, law firms must strengthen their compliance programs to avoid scrutiny. https://lnkd.in/e4WF-fwD

Great working with Rob and Karam on this article on navigating financial sanctions in English law disputes, which covers the latest case law on jurisdictional challenges and on the impact of sanctions on contractual relationships. Worth a read! #Sanctions #Disputes

🚨 #GoodToKnow EU Tightens Sanctions with Directive 2024/1226 🚨 The EU has introduced Directive (EU) 2024/1226, defining criminal offences and penalties for violating sanctions. This directive must be adopted by Member States by April 30, 2025. Key Points: 🔹 Criminal Offenses: - Breaching financial sanctions - Prohibited transactions with third States - Trading or servicing sanctioned goods - Violating financial service bans - Circumventing sanctions 🔹 Penalties: - Individuals: Up to 5 years imprisonment, fines - Companies: Fines up to 5% of annual turnover or EUR 40 million, other sanctions 💡 ECOVIS ProventusLaw Tips: 📍 Train employees on new rules 📍 Consult experts to ensure compliance. Stay compliant! Read more in our article (link in the comments) 👇 #EULaw #Sanctions #Compliance #ecovis

Are you prepared to handle civil sanctions? Civil sanctions are becoming an increasingly prevalent tool in regulatory enforcement, with fines now reaching up to 10% of turnover under the upcoming Digital Markets, Competition and Consumers Act. Join our FREE webinar "The growing trend of the use of civil sanctions in regulatory law" on Wednesday, 26 June 2024 at 11:00 BST to gain insights into: ◾ What are civil sanctions? How do they work? And, why should you care? ◾ Case studies on usage for Environmental offences and under the Digital Markets, Competition & Consumers Act ◾ What should you do if you get a civil penalty? ◾ How to challenge a civil penalty. ◾ Why are they likely to be used more in the future? Secure your FREE place now: https://lnkd.in/ed8r8-ND #healthandsafety #legal #civilsanctions #webinar

#InternationalTrade attorney Turenna Ramirez authored a Practical Law Global resource of the regime for imposing, administering and enforcing sanctions in #Mexico. Turenna's overview covers types of sanctions implemented in Mexico, penalties for non-compliance, licensing procedures and methods for challenging #sanctions designations. Read to learn more about the sanctions in Mexico: https://bit.ly/49qMVbz