The German authorities have conducted raids on properties in three states relating to an investigation into Alisher Usmanov, a designated person under the EU’s sanctions.
The investigation is said to relate to transactions conducted between 2017 and 2022.
Further to our earlier post, the German Federal Prosecutor’s Office has issued a press release confirming that Alexander J. has been charged with various breaches of the EU’s sanctions against Iran.
The Iranian company purchasing equipment through Alexander J. is said to be a designated person, while the products themselves are also prohibited from being exported to Iran.
The goods are said to have been for use in Iran’s nuclear and missile programs, and to have been valued at over €1 million.
The Rotterdam District Court has imposed a 30-month custodial sentence on an individual relating to a two-year period in which financial transfers of approximately $140,000 were made in breach of EU sanctions against ISIS and Al Qaeda.
The transfers were related to efforts to smuggle Dutch women who had travelled to Syria and Iraq to be part of ISIS out of that region and back to the Netherlands.
OFSI has published its Annual Report for 2021-2022, top include the period up to the end of August 2022.
The report makes interesting reading on licencing and on the plans to grow OFSI’s head count to more than 100 staff.
The report notes that OFSI received 147 reports of suspected sanctions breaches, with a “significant” increase since the full-scale invasion of Ukraine.
It has been reported today that the German authorities have conducted raids across Germany as part of investigations into alleged exports of chemicals to Russia in breach of EU sanctions.
The raids included the premises of the companies Riol Chemie GmbH and R.R. Rhein Reserve GmbH.
It is alleged that more than 30 separate exports have taken place in the last three or so years, and that the chemicals could be used to make chemical weapons including Novichok.
The Luxembourg financial services regulator, the CSSF, has today imposed a a fine of €145,000 on Unzer Luxembourg SA for AML and sanctions compliance failings.
The penalty notice noted that the failings, including in sanctions screening, were identified as part of an on-site inspection in 2020 and 2021, and noted that the lack of a fine took into consideration the bank’s efforts at remediation.
The Luxembourg financial services regulator, the CSSF, has today imposed a reprimand on Banque J Safra Sarasin (Luxembourg) SA for AML and sanctions compliance failings.
The penalty notice noted that the failings, including in sanctions screening, were identified as part of an on-site inspection in 2019, and noted that the lack of a fine took into consideration the bank’s efforts at remediation.
The Latvian Intelligence Services (VDD) has announced the arrest and charge of an individual on suspicion of breaching the EU’s sanctions against Russia.
As well as other offences, the sanctions breach is said to relate to cooperation “with a person included in the EU sanctions list”
It has been reported that the National Crime Agency has confirmed the arrests of 10 individuals suspected of helping designated persons evade sanctions.
The arrests are said to include lawyers, solicitors and other regulated professionals.
The same reports have noted the use of the art market as an avenue being used to evade asset freezes.
The Luxembourg financial services regulator, the CSSF, has today fined BEMO Europe Banque Privée SA €356,000 for AML and sanctions compliance failings.
The penalty notice noted that the failings, including in sanctions screening, were identified as part of an on-site inspection in 2020, and noted that the size of the fine took into consideration the bank’s efforts at remediation.
