The OverRuled: Sanctions Module has been updated with the following actions:
- 08 Dec 2023 - Nasdaq, Inc. - USD $4,040,923
Between December 28, 2012 and September 3, 2014, Nasdaq, Inc.'s former wholly owned Armenian subsidiary, Nasdaq OMX Armenia OJSC, the former owner and operator of the Armenian Stock Exchange ("ASE"), processed trades and settled payments through the ASE platform involving the OFAC-designated Armenian subsidiary of Iran's state-owned Bank Mellat.
The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 07 Dec 2023 (Ukraine):
Content provided in collaboration with Sayenko Kharenko.
Under the Decree of the President of Ukraine “On the Decision of the National Security and Defence Council of Ukraine “On Application of Personal Special Economic Sanctions and Other Restrictive Measures (Sanctions)” No. 813/2023, dated 7 December 2023, different sanctions are applied to 185 individuals and 181 enterprises related to Russia's invasion to Ukraine.
- 07 Dec 2023 (Australia):
Content provided in collaboration with Moulis Legal.
A total of 13 Russian individuals are newly subjected to targeted financial sanctions and travel bans.
- 05 Dec 2023 (OFAC):
OFAC designated eleven entities and seven individuals under E.O. 14038, as well as one individual under E.O. 14024. The action targets Alyaksandr Lukashenka's authoritarian regime through its revenue generators, Lukashenka's so-called personal "wallets," and actors who facilitate Russia's war of aggression in Ukraine, coordinate the movement of children from Ukraine to Belarus, and support Lukashenka's regime.
Concurrent with these designations, OFAC issued Belarus General License 10, which authorizes the wind down of transactions involving Tabak Invest LLC and its subsidiaries until 12:01 a.m. EST on February 2, 2024, subject to certain conditions.
- 05 Dec 2023 (OFAC):
OFAC designated nine entities and five individuals based in Russia, Belgium, Cyprus, Sweden, Hong Kong, and the Netherlands under E.O. 14024. The action targets entities and individuals that comprise a network led by Belgium-based Hans De Geetere that is involved in procuring electronics with military applications for Russian end-users. Concurrent with OFAC's action, the U.S. Department of Justice unsealed two separate indictments against Hans De Geetere, related to his years-long scheme of unlawfully exporting sensitive, military-grade technology from the United States to end users located in Russia and the People's Republic of China ("PRC").
- 22 Nov 2023 (Ukraine):
Content provided in collaboration with Sayenko Kharenko.
Ukraine applied sectoral special economic and other restrictive measures (sanctions) to the Russian Federation and the Republic of Belarus in the defence-industrial sphere.
The OverRuled: China Trade Controls Resource Center has been updated with the following actions:
- 05 Dec 2023 (OFAC):
OFAC designated one entity in Hong Kong, pursuant to EO 14024, among other parties based in Russia, Belgium, Cyprus, Sweden, and the Netherlands, for its involvement in procuring electronics with military applications for Russian end-users.
The listed party in Hong Kong is:
- M and S Trading
- M and S Trading
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