OFAC replaces 2 Ukraine/Russia-related general licences

In light of the recent US sanctions on a number of Russian oligarchs, government officials and entities (previous blog), OFAC has issued (1 May 2018) Ukraine/Russia-related General Licence 12B, which replaces and supersedes General Licence 12A. General Licence 12B now permits originating and intermediary US financial institutions to process funds transfers that they would otherwise block to an account held by a...

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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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