The District Court of Rotterdam has dismissed an appeal by a trust office against a penalty imposed by the Dutch National Bank.
The penalty was imposed for KYC failings by the trust office specifically in the context of sanctions screening and compliance, including insufficient investigation of the origin of the assets within certain trusts.
The size of the fine is not mentioned in the appeal judgment.
The Italian Financial Police have confiscated wines imported into Italy from Crimea in breach of the EU’s sanctions.
The confiscation took place at the wine fair, Vinitaly, and the wines from Crimea were part of the Russian exhibits. Agricultural products from Crimea are prohibited from import into the EU under the EU’s sanctions.
The Court of Appeal in the Hague has upheld the conviction of a man for breaches of the EU’s Al-Qaida/ISIS and Terrorism sanctions.
The individual had transferred €17,000 to his brother who was fighting for ISIS in Syria.
The man was sentenced to 10 months in jail with a further 14 months suspended subject to a three-year probation period.
It has been reported today that the Italian authorities have arrested four individuals, including the CEO of the company Società Italiana Elicotteri.
The individuals are Andrea Pardi, as well as married couple Mario Di Leva and Annamaria Fontana and their son.
The exports are reported to have taken place between 2011 and 2015 and relate to assault rifles, helicopters and surface to air missiles.
