New Updates for 14-Dec-2023

2023-12-14

Reading Time : 1 min

The OverRuled: Sanctions Module has been updated with the following actions:

  • 13 Dec 2023 - CoinList Markets LLC - USD $1,207,830

    Between April 19, 2020 and May 7, 2022, CoinList Markets LLC processed 989 transactions, totaling $1,252,280, on behalf of users ordinarily resident in Crimea.

The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:

  • 13 Dec 2023 (BIS):

    ​On December 13, 2023, BIS renewed its Temporary Denial Orders ("TDOs") on Nordwind Airlines ("Nordwind"), Pobeda Airlines ("Pobeda"), and Siberian Airlines d/b/a S7 Airlines ("Siberian").  These renewals are extended renewals for periods of one year.

  • 11 Dec 2023 (UK):

    ​The UK Department for Business and Trade, together with the Foreign, Commonwealth & Development Office ("FCDO"), announced the creation of the Office of Trade Sanctions Implementation ("OTSI"), which will become operational in early 2024.

  • 09 Dec 2023 (UK):

    ​The UK's Office of Financial Sanctions Implementation ("OFSI") published General Licence INT/2023/3781228 ("GL INT/2023/3781228") in respect of Permitted Payments to Local Authorities by Designated Persons ("DPs") pursuant to all UK Autonomous Sanctions Regulations listed within Annex I of GL INT/2023/3781228.

Please send an email to subscriptions@overruled.com, if you would like information on how to subscribe to access additional detail about these and other sanctions- and export controls-related actions. If you are already a paid subscriber, please login to OverRuled for access to exclusive content, analysis, and historic search functionality.

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