The UN first imposed sanctions on Sudan in 2004, by UN Security Council Resolution 1556, in response to the ongoing armed conflict in Sudan’s Darfur region. It imposed an arms embargo on all non-governmental entities operating in Darfur, which was expanded to cover all parties to the N’djamena Ceasefire Agreement and to include asset freezes and travel bans in 2005, by UN Security Council Resolution 1591.
US President Biden yesterday issued a new Executive Order (E.O.), ‘Executive Order on Imposing Sanctions on Certain Persons Destabilising Sudan and Undermining the Goal of a Democratic Transition’, which expands the scope of the national emergency declared in previous E.O.s to respond to the military’s seizure of power in October 2021 and the outbreak of violence on 15 April 2023. …
On Monday (1 May 2023), OFAC announced that Poloniex, LLC, which previously operated an online trading and settlement platform known as Poloniex Inc., has agreed to pay $7,591,630 to settle its potential civil liability for nearly 66,000 apparent violations of US sanctions on Crimea, Cuba, Iran, Sudan and Syria. Enforcement Release. The allegation is that, between January 2014 and November …
The EU has implemented the humanitarian exemption to UN sanctions set out by UNSC Resolution 2664 (2022) in respect of its Iran, DRC, Sudan, South Sudan, Libya, North Korea, terrorism and Mali sanctions regimes. In February 2023, the EU introduced the exemption to its Somalia, CAR, Yemen, Haiti, Iraq and Lebanon (assassination of former Prime Minister Rafiq Hariri) sanctions regimes. …
Iran 
Democratic Republic of the Congo 
Sudan 
Libya 
North Korea 
Terrorism
The US Federal Reserve Board yesterday announced that it had fined Wells Fargo & Co. $67.8 million for the firm’s unsafe or unsound practices relating to historical inadequate oversight of sanctions compliance risks at its subsidiary, Wells Fargo Bank, N.A. In conjunction, OFAC announced that Wells Fargo Bank had agreed to pay $30 million to settle its potential civil liability …
Danish multinational company, Danfoss A/S has reached a civil settlement with OFAC and agreed to pay USD 4,379,810 in respect of 225 apparent violations of multiple OFAC sanctions programs, including Iran, Syria, and Sudan. From 2013 to 2017, Danfoss’s wholly owned UAE subsidiary, Danfoss FZCO routed payments from customers in Iran, Syria, and Sudan to its bank accounts in the …
Amended by:
Amended by:
Russia
Syria