The OverRuled: Sanctions Module has been updated with the following actions:
- 19 Apr 2024 - SCG Plastics Co., Ltd. - USD $20,000,000
From 2017 to 2018, SCG Plastics Co., Ltd. caused U.S. financial institutions to process $291 million in wire transfers for sales of Iranian origin polyethylene resin manufactured by a joint venture in Iran.
The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 19 Apr 2024 (OFAC):
OFAC issued General License ("GL") 94, authorizing all transactions prohibited by the Russian Harmful Foreign Activities Sanctions Regulations ("RuHSR") or the Ukraine-/Russia-Related Sanctions Regulations "“URS"”), involving OWH SE i.L. (f.k.a. VTB Bank Europe SE) or any entity in which OWH SE i.L. owns, directly or indirectly, a 50 percent or greater interest ("OWH SE i.L. Entities). GL 94 also unblocks all property and interests in property of OWH SE i.L. Entities.
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