Monthly archive for September 2019

International Sanctions: New Developments August-September 2019

International Sanctions: New Developments August-September 2019

In this newsletter, we summarize and analyze the latest updates on the imposition of international sanctions by the United States and the European Union. It covers the latest developments in Cuba, Ukraine, Venezuela, Iran and Nicaragua, as well as sanctions on anti-terrorism. We also provide recommendations for companies when

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Russia Sanctions

Russia Sanctions

SANCTIONS IMPOSED ON RUSSIA BY THE UNITED STATES. U.S. Government sanctions against Russia are imposed through various Executive Orders, issued directly by the President of the United States, and Laws. These regulations establish restrictions on certain economic transactions and on certain persons expressly listed, as well as

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Anti-terrorist Sanctions

OFAC announces anti-terrorist sanctions On 10th September, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced the imposition of sanctions on 15 leaders, individuals, and entities affiliated with terrorist groups in accordance with the new Executive Order (E.O.) 13886, entitled “Modernizing Sanctions to Combat Terrorism,”

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Nicaragua Sanctions

Nicaragua Sanctions

OFAC issues regulations for the implementation of sanctions in Nicaragua On 5th September, OFAC issued a regulation to implement Executive Order (EO) 13851 related to the situation in Nicaragua, signed on 27th November 2018. The EO blocks the property of persons who served as officials to the

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Venezuela Sanctions

Venezuela Sanctions

Additional Sanctions to the Government of Venezuela On 5th August 2019, President Trump signed a new Executive Order (EO) related to Venezuela, which imposes additional sanctions on the country’s government. Section 1 of the Executive Order imposes “blocking sanctions” on the Venezuelan government. This translates into a

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Iran Sanctions

Iran Sanctions

OFAC SANCTIONS THE CENTRAL BANK OF IRAN, THE NATIONAL DEVELOPMENT FUND OF IRAN, ETEMAD TEJARATE PARS CO. AND THE REVOLUTIONARY GUARD OF IRAN On Friday 20th September 2019, the Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department took action against the Central Bank of

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Enhanced Client Authentication (SCA) with online payments

Enhanced Client Authentication (SCA) with online payments

On September 11th, we learned of Banco de España’s decision to extend the period ending on the 14th to comply with the obligations of Delegated Regulation 2018/389. Banco de España (BdE) is thus making use of the extraordinary power granted by the European Banking Authority (EBA) to

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