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Sanctions Profile: Cyber-Attacks
At a glance
The EU adopted Council Regulation (EU) 2019/796 and Council Decision (CFSP) 2019/797 in May 2019 to establish a new sanctions regime to deter and respond to malicious cyber activities on EU member states, third states and international organisations.
The UK adopted The Cyber (Sanctions) (EU Exit) Regulations 2020 in January 2021 to further the prevention of cyber activity that undermines the integrity, prosperity or security of the UK, causes economic loss, undermines the effective functioning of international organisations or NGOs, or affects a significant number of persons in an indiscriminate manner.
News
US lists virtual currency mixer over Lazarus Group heist
On 6 May 2022, OFAC listed virtual currency mixer Blender.io pursuant to Executive Order (E.O.) 13694, as amended. Notice & Press Release. North Korea is said to have used Blender to launder over $20.5 million of proceeds from the Lazarus Group’s March 2022 virtual currency heist of $620 million from video game Axie Infinity’s Ronin Network. This is the first …
Cyber-Attacks
Latest US Russia sanctions
Today, the US added to its Russia sanctions measures. These developments are summarised below. OFAC Notice & Press Release, State Department Press Release, Aerospace, electronics & marine sanctions The Treasury Secretary has issued a Determination which extends the application of Section l(a)(i) of Executive Order (E.O.) 14024 to the aerospace, electronics and marine sectors of the Russian economy. This authorises …
Russia
UK makes cyber designation & amends Russia listings
The Central Scientific Research Institute of Chemistry and Mechanics (TsNIIKhM), a subsidiary of the Russian Ministry of Defence, was designated by the UK last week pursuant to the Cyber (Sanctions) (EU Exit) Regulations 2020. It is said to have been involved in a cyber-attack on a Saudi Arabian petrochemical plant in August 2017. Notice & Press Release. It is also …
UK amendeds 79 entries on the consolidated list
On Friday, 18 March 2022, the FCDO updated the UK Sanctions List on GOV.UK. Amendments have been made to entries under the following financial sanctions regimes: Belarus; Chemical Weapons; Cyber; Russia and Zimbabwe. The following entries in the Russia financial sanctions regime have been corrected and are still subject to an asset freeze: Mikhail Maratovic FRIDMAN (Group ID: 14615) Petr Olegovich AVEN …
Chemical Weapons
Zimbabwe
Australia passes law providing for thematic sanctions regimes
Today (2 December 2021), the Australian Parliament passed the Autonomous Sanctions Amendment (Magnitsky-style and Other Thematic Sanctions) Bill 2021 which amends the Autonomous Sanctions Act 2011 to provide for the establishment of thematic sanctions regimes. Before this, Australia’s sanctions regimes have been mainly country-based. Explanatory Memorandum, Press Release, Press Release & Notice. Pursuant to the amendments, thematic regimes may relate …
Human Rights
CorruptionCurrent Sanctions
Consolidated
Council Regulation (EU) 2019/796
Parent Regulation
Council Regulation (EU) 2019/796
Amended by:
Council Implementing Regulation (EU) 2020/1124
Council Implementing Regulation (EU) 2020/1536
Consolidated
Council Decision (CFSP) 2019/797
Parent Regulation
Council Decision (CFSP) 2019/797
Amended by: