January Sanctions News

Continuing our monthly Sanctions news series, we bring you significant developments in January. Our service empowers Compliance Officers and Chief Compliance Officers to keep up with Sanctions landscape changes at the designation level and, most importantly, to understand the intentions and objectives behind such measures. Keeping up with the latest developments can bring long-term benefits to an organization.

In January, there were noteworthy events globally that impacted sanctions compliance. We summarize all the relevant circumstances and provide links to primary sources for more in-depth research so you can stay ahead and mitigate risks to your business operations.

In January, we have seen the following events:

03 January

France imposed asset-freezing sanctions against one individual under France's autonomous counter-terrorism sanctions. (Source)

05 January

The Security Council 1718 Sanctions Committee of the United Nations (UN) amends two entries on its sanctions list. (Source)

11 January

The Office of Foreign Assets Control (OFAC) of the United States imposed asset-freezing sanctions on one individual, two entities, and three aircraft. (Source)

15 January

The Office of Financial Sanctions Implementation (OFSI) of the United Kingdom imposed asset-freezing sanctions against Bosnian marketing agency Mania under the UK’s Bosnia and Herzegovina sanctions regime for activity threatening peace and stability. (Source)

17 January

The Office of Foreign Assets Control (OFAC) of the United States imposed asset-freezing sanctions on one individual, former Guatemalan President Alejandro Eduardo Giammattei Falla, for his involvement in bribery and corruption. (Source)

19 January

The European Council established a framework of restrictive measures that will allow the European Union (EU) to hold accountable any individual or entity who supports, facilitates, or enables violent actions by Hamas and the Palestinian Islamic Jihad (PIJ). (Source)

25 January

The United Kingdom and the United States have designated 4 Houthi leaders who, according to the Foreign, Commonwealth & Development Office (FCDO) and OFAC, are connected to the disruptions to international shipping in the Red Sea. (Source 1) (Source 2)

29 January

The European Union (EU) Council renewed for a further six months its restrictive measures given the Russian Federation's continuing actions destabilizing the situation in Ukraine until 31 July 2024. (Source)

Stay informed and ahead of the curve in the dynamic world of sanctions. 

As a Compliance Officer or Chief Compliance Officer, understanding the latest sanction developments is vital to mitigating the risk of non-compliance in your organization.

Take advantage of our monthly update articles, summarizing the most noteworthy events in sanctions with links to primary sources for further research. 

Contact us at info@pst.ag for more information.