September Sanctions News
Continuing our monthly Sanctions news series, we bring you significant developments in September. Our service empowers Compliance Officers and Chief Compliance Officers to keep up with Sanctions landscape changes at the designation level and, most importantly, to understand the intentions and objectives behind such measures. Keeping up with the latest developments can bring long-term benefits to an organization.
In September, there were noteworthy events globally that impacted sanctions compliance. We summarize all the relevant circumstances and provide links to primary sources for more in-depth research so you can stay ahead and mitigate risks to your business operations.
In September, we have seen the following events:
The Australian Government imposed, for the first time, targeted financial sanctions and travel bans under the recently expanded Iran autonomous sanctions framework. (Source)
In coordination with the Drug Enforcement Administration (DEA), the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated key Hizballah operatives and financial facilitators in South America and Lebanon. (Source)
France imposed asset-freezing sanctions on one individual under its autonomous counter-terrorism sanctions regime. (Source)
The European Union Council decided to prolong the restrictive measures targeting those responsible for threatening the territorial integrity, sovereignty and independence of Ukraine for another six months, until 15 March 2024. (Source)
UK, France and Germany (E3) will transfer UN sanctions on Iran into domestic regimes and maintain existing EU/UK sanctions beyond October deadline included in nuclear deal. (Source)
Canada responded to the Iranian regime’s actions by imposing sanctions on 31 entities and 129 individuals for human rights violations and threats to international peace and security. (Source)
Canada imposes additional sanctions against members of the Haitian economic elite. (Source)
The Bureau of Industry and Security added 28 Entities to the Entity List for violating the U.S. Export Controls and other activities contrary to U.S. National Security Interests. (Source)
US Treasury Designates Entities and Individuals Exacerbating Sudan’s Instability. (Source)
Stay informed and ahead of the curve in the dynamic world of sanctions
As a Compliance Officer or Chief Compliance Officer, understanding the latest sanction developments is vital to mitigating the risk of non-compliance in your organization.
Take advantage of our monthly update articles, summarizing the most noteworthy events in sanctions with links to primary sources for further research.
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