We are today launching a new blog dedicated and focused on the regulatory and criminal enforcement of financial and trade sanctions across Europe – the EU, as well as countries such as Switzerland, the United Kingdom and Norway.
The entries on the page can be filtered by enforcing country, the year of enforcement, business sector, or the applicable sanctions regime. The posts are also fully text searchable.
The blog documents hundreds of enforcement actions in the period from 2017 to the present day in a total of 22 different European jurisdictions, as well as the existence of over 1,300 announced criminal or regulatory investigations which are current and ongoing across the continent.
These pages will serve as a repository for up-to-date enforcement statistics, including the cumulative of fines and penalties and the number of successfully-concluded enforcement actions.
For the years 2017-2023, as shown in the graph in the hyperlink below, the cumulative value of fines imposed to date is just below €250 million.
Over the same period the number of concluded enforcements has varied, but in no year has the number been lower than 16, and in 2019 there were 44 concluded enforcements. The figures for the last two years are no doubt impacted by the number of ongoing enforcement actions.
The cumulative number of enforcement actions in this same period naturally continues to grow. As of the launch of this blog there have been over 200 successfully-concluded enforcement actions across Europe since 2017.
We are excited to be launching this resource, which we are sure will be of interest to many.
Please subscribe.