It has been reported that the Finnish authorities have charged five individuals with sanctions offences.
The allegations relate to the export of drones to Russian in breach of EU sanctions.
The first defendant is Gabriel Temini who is the CEO of the Finnish companies Luminor and Siberica.
Three employees of Siberica have also been charged as well as an employee of a freight forwarding company.
The charges are denied.
Trial is scheduled to commence on 26 January 2024.
It is being reported that the NSK – Denmark’s National Unit for Serious Crime is investigating allegations that a Danish arms manufacturer has been exporting arms to Russia in breach of the EU’s sanctions.
The company, and the company’s CFO and CEO are all reported to have been charged on suspicion of exports to a Russian arms manufacturer.
The company successfully applied to the court for a ban on being named in the press.
The allegations include the setting up of a bespoke corporate structure to conduct the exports via third countries.
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.
Continue reading “The enforcement of sanctions across Europe – 2017 to the present: a new resource”
