OFAC issues general licence and guidance on Ukraine/Russia

OFAC has issued Ukraine/Russia-related General Licence 1B and has published updated FAQs and one new FAQ on Ukraine/Russia. These changes relate to the amended Ukraine/Russia-related Directive 1 and Directive 2 that were issued on 29 September 2017, in accordance with Title II of the Countering America’s Adversaries Through Sanctions Act of 2017 (CAATSA). Certain CAATSA-related prohibitions in the amended Directives had a delayed effective...

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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