De rechtbank Limburg heeft 2 rechtspersonen, Euroturbine B.V. te Venlo en Euroturbine SPC te Bahrein, de verplichting opgelegd om aan de staat 600.000 euro respectievelijk ruim 4 miljoen euro te betalen. Dit voordeel hebben de bedrijven, volgens de rechtbank, in strijd met de wet verkregen door hun rol bij illegale transporten van gasturbineonderdelen naar Iran.
Read MoreCountries’ sanctions regimes are always closely related to politics and foreign policy. Hence, international sanctions will be one of the areas where U.K. will exercise its post-Brexit sovereignty to the fullest. The British government has already prepared the grounds for its autonomous sanctions regime by adopting the Sanctions and Anti-money Laundering Act in 2018.
Read MoreDNB publiceert de herziene Leidraad “Wet ter voorkoming van witwassen en financieren van terrorisme (Wwft) en Sanctiewet (Sw)". Naar aanleiding van reacties op de consultatieversie, die in juli en september 2019 voorlag, is het document op onderdelen gewijzigd.
Read MoreIn December 2019, the US Department of Justice (DOJ) announced a revised policy regarding voluntary self-disclosure of export control and sanctions violations by business organizations (VSD Policy). The VSD Policy, issued by DOJ's National Security Division (NSD), sets forth the criteria that DOJ, through NSD’s Counterintelligence and Export Control Section (CES) and in partnership with the US Attorneys' Offices, will now use to determine an appropriate resolution for an organization that makes a voluntary self-disclosure in export controls and/or sanctions matters.
Read MoreIt is relatively straightforward to find out if an individual is subject to financial sanctions. You can search OFSI’s consolidated list and see if you get a match. Signing up to OFSI’s e-alerts also means you’ll be notified when there are updates to the consolidated list. But in some cases, it can be more difficult to establish if a company is subject to financial sanctions.
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