The OverRuled: Sanctions Module has been updated with the following actions:
- 21 Sep 2023 - 3M Company - USD $9,618,477
Between 2016 and 2018, 3M Company's Swiss subsidiary, 3M (East) AG, knowingly sold reflective license plate sheeting via a German reseller to Bonyad Taavon Naja, an entity controlled by Iran's Law Enforcement Forces.
- 21 Sep 2023 - Emigrant Bank - USD $31,868
Between June 2017 and March 2021, Emigrant Bank processed 30 transactions on behalf of two individuals ordinarily resident and located in Iran, for whom it maintained a Certificate of Deposit account, totaling $91,051.13.
The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 21 Sep 2023 (Russia - Countermeasures):
The Russian Government approves the list of 32 "friendly" countries, the banks and brokers from which will be admitted to trading on the Russian foreign exchange market.
- 21 Sep 2023 (Russia - Countermeasures):
The Russian Government establishes a temporary ban on exports of gasoline and diesel fuel from Russia.
- 18 Sep 2023 (Russia - Countermeasures):
Depository receipts for shares in companies redomiciling to Russia will convert into shares automatically.
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