In 2005, by UNSC Resolution 1636, the UN Security Council imposed travel bans and asset freezes on people suspected of being involved in the 14 February 2005 terrorist bombing in Beirut, Lebanon, in which Syria was implicated by a UN report. The EU implemented those measures by adopting Council Common Position 2005/888/CFSP and Council Regulation (EC) No 305/2006. See the European Commission’s Guidance and FAQs for further details on these sanctions.Subscribe for full access
The US Department of State has determined that the Grace 1 “was assisting the Islamic Revolutionary Guard Corps (IRGC) by transporting oil from Iran to Syria”. The US has warned of “serious consequences for any individuals associated with the Grace 1”, which is still docked in Gibraltar but free to set sail, and “full enforcement” […]
The Gibraltar government (statement) has released the Grace 1. The Iranian tanker has been detained in Gibraltar since 4th July on the basis of information said to suggest it was being used in breach of EU Syria sanctions (which the government now say was confirmed; the Grace 1 was carrying oil to the Baniyas oil […]
The US Department of Justice has applied to seize Grace 1, the Iranian tanker seized in Gibraltar in July on suspicion of breaching EU sanctions on Syria (see post). Gibraltar’s Supreme Court is to decide today (15 August) whether to extend the detention of the vessel.
We reported in April that Standard Chartered had agreed a $1.1bn settlement with OFAC and various other US and UK authorities for sanctions violations relating to Burma/Myanmar, Cuba, Iran, Sudan, and Syria (see previous blog). The bank is now subject to a new civil claim, brought by a former senior employee of Standard Chartered and […]
In March, Gibraltar enacted the Sanctions Act 2019, which provides for “automatic recognition and enforcement of UN, EU and UK sanctions”, and allows Gibraltar to make separate designations if necessary. Guidance here. Last week (3 July) Gibraltar adopted Sanctions Regulations 2019, which gives power to designate and detain “specified ships” if the Chief Minister has […]