Category: Sanctions

OFAC Sanctions Internet-based Suppliers of Illicit Fentanyl and Other Synthetic Drugs

Digital Currencies, Drug Trafficking, Sanctions
Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three individuals and nine entities associated with darknet marketplaces and research chemicals sites under the Illicit Drugs Executive Order (EO 14059) for supplying illicit synthetic substances to U.S. markets through internet sales and a host of shell companies. Today’s action marks the first time this EO has been used to designate activities related to online and darknet market illicit drug sales. Two individuals, Alex Adrianus Martinus Peijnenburg (Peijnenburg) and Martinus Pterus Henri De Koning (De Koning) began their business selling illicit fentanyl, synthetic stimulants, cannabinoids, and…

Wined and Fined: OFSI Imposes Financial Penalty on UK Company for Publicising Sanctioned Crimean Winery

Regulatory Fines, Sanctions
The UK Office of Financial Sanctions Implementation (OFSI) announced on 27 September that it imposed a £30,000 penalty on UK company Hong Kong International Wine and Spirits Competition Ltd (HK Wine & Spirits) for breaching UK financial sanctions regulations.[1] This is the second monetary penalty OFSI imposed this year, following a £15,000 fine against Tracerco Limited in June. HK Wine & Spirits received three payments and 78 wine bottles from Massandra, a Crimean winery, for entry into its 2017, 2018, 2019 and 2020 competitions. Massandra is a designated entity subject to EU Regulation 269/2014 (the “Regulation”), which was introduced in…

London council could seize oligarchs’ homes for affordable housing

Asset Seizure, Sanctions
Homes acquired with “dirty money” in the richest parts of London could be seized and turned into affordable housing under plans to crack down on oligarchs using Belgravia, Knightsbridge and Mayfair “to rinse their money”. Labour-controlled Westminster city council is examining the use of compulsory purchase orders in extreme cases where it finds properties are not being used for their stated purpose, as part of a push to “combat the capital’s reputation as the European centre for money laundering”. The plan faces obstacles including a lack of transparency over property ownership and a shortage of checks on the registration of…

EU to hit Russian steel, IT industry with sanctions, but spare diamonds

Sanctions
The European Union is aiming to ban imports of several steel products from Russia and outlaw the export of certain semiconductors to Russia, according to the European Commission’s latest sanctions proposal, seen by POLITICO. One item left off the list, however, is Russian diamonds — an omission that will make Belgium and its robust diamond industry happy. Instead, the Commission wants to bar the import of “certain elements used in the jewellery industry such as stones and precious metals.” It also wants to sanction Alrosa, Russia’s largest diamond mining firm. The draft text, which the Commission presented to EU ambassadors…

Dutch Authorities Arrest Man for Facilitating Money Laundering’ Through US-Sanctioned Tornado Cash

Digital Currencies, Money Laundering, Sanctions
Police in the Netherlands have arrested a 29-year-old man in Amsterdam as the “suspected developer” of US-sanctioned crypto mixing service, Tornado Cash. In a statement, the Fiscal Information and Investigation Service (FIOD) said the man arrested was suspected of involvement in “concealing criminal financial flows” and “facilitating money laundering” through the mixing of cryptocurrencies through Tornado Cash. The man is due to be brought before a judge later today, while the FIOD have warned that multiple arrests have not been ruled out. The FIOD has also said that advanced technologies such as Tornado Cash mixers that “may facilitate money laundering”…

Dutch City of The Hague Seeks Exemption from E.U. Sanctions Against Russia

Sanctions
The Dutch city of The Hague on Thursday said it would ask for a temporary exemption of EU sanctions against Russia, as it struggles to find a replacement for its contract with Russian gas supplier Gazprom in time. Sanctions imposed by the European Union against Russia following its invasion of Ukraine order governments and other public bodies to end existing contracts with Russian companies by October 10. For The Hague, this means it has to find a new supplier of gas to replace its existing agreement with Gazprom. The city said it held an EU-wide tender in June and July,…

How North Korean Cryptocurrency abuse is expanding

Sanctions
Countries must secure new and emerging gateways that are used to circumvent sanctions, as North Korea’s exploitation of cryptocurrency continues. Blockchain analytics companies are identifying potential links between North Korea and the Harmony Bridge Exploit that occurred in June 2022. In this cyber attack, hackers stole $100 million worth of cryptocurrency, and began transferring funds in a similar manner to North Korea’s approach following the Ronin Bridge hack in March 2022. This latest attack reinforces the need for countries to monitor the rise of new cryptocurrency gateways that allow North Korea to circumvent sanctions and finance its nuclear weapons programme.…

Sanctioned Russian Banker, Head of Putin’s Piggy Bank, Uses Proxy for Vast Holdings

Sanctions
The son of a globe-trotting Canadian communist, Eric Whyte moved to the Soviet Union as a boy in 1966, and was educated at a prestigious school outside Moscow. Those are nearly all of the scant details publicly available about his life –– even “Champagne and Meatballs,” a book-length memoir by Whyte’s late father, Bert, only mentions his birth. But while Whyte maintains a low profile, leaked corporate documents offer a clue about his activities over the past decade or so: He appears to be a frontman for sanctioned Russian banker Andrei Kostin. Whyte owns companies registered in secretive offshore financial…

Justice Department Urges Companies to Self-Report Sanctions Violations

Sanctions
The Justice Department is looking to enlist the private sector in its efforts to enforce U.S. sanctions on countries such as Russia, a top official said. The agency has long worked to police the restrictions that the U.S. has placed on countries such as Iran or North Korea, but it has dialed up its efforts following Russia’s invasion of Ukraine, Deputy Attorney General Lisa Monaco said Thursday. The Justice Department is adding resources and looking for new ways to enforce sanctions, said Ms. Monaco, who spoke via video at a conference hosted by Global Investigations Review in London. The agency…

Sanctions Take Toll on Laundering Tools Used by Ransomware Gangs

Sanctions
U.S. sanctions in recent months have hammered a handful of cryptocurrency services used by ransomware groups, suggesting Washington can effectively target some tools hackers use to convert digital ransom payments into cash. The Treasury Department since last year has sanctioned at least three Russia-based crypto exchanges, as well as a mixing service hackers allegedly used to help launder dirty money, barring U.S. companies from transacting with them. “Sanctions have been catastrophic to their business, severely damaging their operations,” said Jackie Koven, head of cyber threat intelligence at Chainalysis Inc., which analyzes crypto transactions across public ledgers known as blockchains. Ms.…

The Crackdown on the Illicit-Finances Aiding Oligarchs

Money Laundering, Sanctions
The United States Department of Treasury has outlined actions it plans to take to address illicit finance, saying Russia’s invasion of Ukraine had underscored the need to close regulatory loopholes and step up the fight against related financial crime and transnational corruption. Major international financial institutions have previously been caught red handed in scandal in banking sanctioned groups and individuals the most historically notable was HSBC Mexico facilitating a money laundering scheme on a grand scale for drug cartels, which resulted in a fine in excess of $2 billion. Most recently, a massive leak outlining Credit Suisse’s less than reputable…

Decision on Lifting EU Sanctions Against Alisher Usmanov and Sisters Expected Soon

Sanctions
European court of justice deciding appeal filed by ‘one of Putin’s favourite oligarchs’ Sanctions imposed on the Russian billionaire Alisher Usmanov and his two sisters could be suspended after a legal challenge at the European court of justice by the businessman once described as one of Vladimir Putin’s “favourite oligarchs”. Usmanov, as well as his sisters Saodat Narzieva and Gulbakhor Ismailova, each filed separate legal appeals in April in an attempt to overturn sanctions that have blocked them from travelling across the EU or making use of assets located in member states, including a $600m (£484m) yacht. The Guardian understands…

70% Accountants and Lawyers Have Money Laundering Fears Over Russian Dark Funds

Money Laundering, Sanctions
LONDON, UNITED KINGDOM 25th MAY, 2022: 70% of accountants and lawyers are more concerned about money laundering since Russian events and sanctions began, with 75% moving anti-money laundering (AML) up the company agenda in the past year. That’s according to First AML, the end-to-end AML software solution, which surveyed 200 accountants and lawyers in the UK to discover attitudes toward current compliance and AML procedures. Despite 53% of respondents having identified an instance of suspected money laundering in the past three years (with 24% identifying more than one) only 45% are completely confident in their AML procedures. Alongside this, a…

EU Considers Blacklisting UAE After ‘Dubai Uncovered’ Leaks

Corruption, Sanctions
Following revelations of how criminals, sanctioned Russian oligarchs, and corrupt officials are big property investors in Dubai, European Parliament members have suggested that the United Arab Emirates should be blacklisted in the same manner as North Korea, Burkina Faso and Iran. Last week, OCCRP and investigative journalists from 20 other outlets uncovered how Russian politicians, sanctioned oligarchs, and criminals have poured their ill-gotten gains into luxury properties in Dubai. The ‘Dubai Uncovered’ investigation, based on a 2020 leak by the Center For Advanced Defense Studies (C4ADS) into the emirate’s housing market, has drawn calls from EU politicians for tougher anti-money…

U.S. Says it Imposes Sanctions on Moscow Backed Iranian Oil Smuggling Network

Money Laundering, Sanctions
The United States on Wednesday imposed sanctions on what it described as a Russian-backed oil smuggling and money laundering network for Iran’s Revolutionary Guards’ Quds Force, even as Washington tries to revive nuclear deal with Iran. The U.S. Treasury Department said the network was led by current and former Quds Force figures, “backed by senior levels of the Russian Federation government” and included Chinese companies and a former Afghan diplomat. It had raised hundreds of millions of dollars for Iran’s Quds Force and Tehran’s Lebanese allies Hezbollah, and helped Tehran support proxy militant groups, Treasury said. The Quds Force is…

U.S. Issues Charges in First Criminal Cryptocurrency Sanctions Case

Digital Currencies, Prosecutions, Sanctions
The Justice Department has launched its first criminal prosecution involving the alleged use of cryptocurrency to evade U.S. economic sanctions, a federal judge disclosed Friday. In an unusual nine-page opinion, U.S. Magistrate Judge Zia M. Faruqui of Washington, D.C., explained why he approved a Justice Department criminal complaint against an American citizen accused of transmitting more than $10 million worth of bitcoin to a virtual currency exchange in one of a handful of countries comprehensively sanctioned by the U.S. government: Cuba, Iran, North Korea, Syria or Russia. In the ruling, the judge called cryptocurrency’s reputation for providing anonymity to users…

The Sanctioned Oligarch’s Son and a £160m London Property Empire

Sanctions
The son of a Russian billionaire facing sanctions for supporting the dictator who runs Belarus has been linked to a £160m portfolio of London properties. Said Gutseriev, a 34-year-old businessman with British and Russian nationality, appears to have spent years amassing a collection of at least seven properties in central London. They range from large office buildings in the City to a pair of £17m townhouses in south Kensington knocked together to make one residence. Said’s father, Mikhail Gutseriev, was blacklisted last year, by the EU in June and the UK in August, months after the violent repression of protests…

A Museum Could be in Breach of Sanctions if it Returns a Fabergé Egg to its Russian Oligarch Owner

Sanctions
The Victoria and Albert Museum is in possession of a Fabergé Egg belonging to a sanctioned oligarch. The ornament, owned by Viktor Vekselberg, is on loan to the London museum. The institution could end up breaching sanctions if it’s returned to Vekselberg, however. A UK museum, which is in possession of a Fabergé Egg belonging to a sanctioned Russian oligarch, could breach sanctions if it returns it to him. iNews reported the story first. Viktor Vekselberg acquired the very first Fabergé Egg – an elaborately decorated ornament – in 2004, according to The Art Newspaper. It was commissioned in 1885…

EU Proposes New Rules to Confiscate Assets of Criminals and Oligarchs Evading Sanctions

Sanctions
Today, the Commission proposes a new Directive on Asset Recovery and Confiscation. It includes rules on asset recovery from tracing and identification, through freezing and management, to confiscation of assets. The Asset Recovery and Confiscation Directive proposes to modernise EU rules on asset recovery and confiscation by: Ensuring that financial investigations aimed at tracing illicit assets are swiftly launched in all complex criminal investigations against organised crime. Providing Asset Recovery Offices with the powers and information to swiftly trace and identify criminal assets, including by urgently freezing property. Establishing Asset Management Offices to ensure that frozen property does not lose…

EU Plans to Stop Russians From Buying Property in Europe

Sanctions
An EU-wide ban on property transactions with Russian nationals has been added to the Commission’s sixth package of sanctions. In the proposal, the European Commission intends to stop property deals with Russian individuals, residents and entities — prohibiting the sale or transfer, directly or indirectly of ownership rights in property in the bloc. It is designed to apply to land and dwellings located “within the territory of the Union or units in collective investment undertakings providing exposure to such immovable property.” The latest EU action targets both the Russian state and oligarchs and for the first time specifically targets the…

US Commission Accuses Switzerland Of Hiding Russian Assets

Sanctions
The Commission for Security and Cooperation in Europe, otherwise known as the Helsinki Commission, has issued hard-hitting criticism of Switzerland’s perceived role in hiding Russian assets. “Long known as a destination for war criminals and kleptocrats to stash their plunder, Switzerland is a leading enabler of Russian dictator Vladimir Putin and his cronies. After looting Russia, Putin and his oligarchs use Swiss secrecy laws to hide and protect the proceeds of their crimes,” the body stated. The Commission’s hearing on Thursday heard testimony from Pieth, Miranda Patrucic, deputy editor in chief at the Organized Crime and Corruption Reporting Project and…

5 U.S. States Order a Metaverse Casino With Alleged Ties to Russia to Halt Sale of NFTs

NFTs, Sanctions
Regulators in five states simultaneously filed emergency orders Wednesday against a virtual casino they say has ties to Russia and that has been operating in the metaverse, a digital world where participants can interact with each other, purchase products and even gamble. State law enforcement officials say Flamingo Casino Club’s operators failed to disclose its Russian ties and claimed it had partnerships with legitimate businesses when it didn’t. The civil filing represents a new and coordinated effort by state regulators to police some of what is going on amid the explosive growth of the metaverse, where innovation and speculation have…

In Istanbul and Dubai, Russians Pile into Property to Shelter From Sanctions

Sanctions
Wealthy Russians are pouring money into real estate in Turkey and the United Arab Emirates, seeking a financial haven in the wake of Moscow’s invasion of Ukraine and Western sanctions, according to many property companies. “We sell seven to eight units to Russians every day,” said Gul Gul, co-founder of the Golden Sign real estate company in Istanbul. “They buy in cash, they open bank accounts in Turkey or they bring gold.” In Dubai, Thiago Caldas, CEO of the Modern Living property firm, has hired three Russian-speaking agents to meet Russian interest, which he says has leapt tenfold. Sanctions imposed…

U.S. Sanctions Guatemalan Gang Leaders with Links to Mexican Drug Cartels

Drug Trafficking, Sanctions
The United States sanctioned seven suspected high-ranking members of the Los Huistas, Guatemala’s prominent criminal gang, accusing them of global illicit drug trade and cooperation with Mexico’s deadly Sinaloa and Jalisco cartels, the U.S. Department of the Treasury said. The sanctions mean that U.S. citizens and companies are now prohibited from doing business with them, and their U.S. assets will be frozen. The move came after Operation Guerrilla Unit, a long-term U.S. investigation that targeted several high-ranking Guatemalan drug traffickers and their suppliers operating out of northwest Guatemala. It is one of the “most significant, comprehensive and large-scale drug trafficking…

OFAC Sanctions Hydra Following Law Enforcement Shutdown of the Darknet Market

Digital Currencies, OFAC, Sanctions
Today is a big day in the fight against crypto crime. Following a joint operation involving several U.S. law enforcement agencies, Germany’s federal police shut down the Russia-based Hydra Market, the world’s largest darknet market by revenue. Later in the day, the Justice Department followed up by indicting one of Hydra’s key operators, and the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Hydra, adding more than 100 of its cryptocurrency addresses to the SDN list as identifiers. Concurrently, OFAC also sanctioned a Russian cryptocurrency exchange Chainalysis has previously investigated for its role in money laundering: Garantex. All of…

Sanctions Against Ireland’s Top Drug Trafficker May end “Super Cartel’ Allegations

Sanctions
Recent sanctions imposed by the United States on the Kinahan Clan, arguably Ireland’s most powerful organized crime group, have brought to the fore this group’s role in cocaine trafficking between South America, the United States, Europe and beyond. On April 11, the US Treasury Department designated Irish national Daniel Kinahan and six of his associates for smuggling cocaine from South America to Europe as part of the powerful drug trafficking syndicate known as the “Kinahan Clan,” among other things. “Daniel Kinahan, who sources large quantities of cocaine from South America, plays an integral part in organizing the supply of drugs…

U.S. Citizen Who Conspired in Evading Sanctions Sentenced to Over Five Years and Fined $100,000

Prosecutions, Sanctions
A U.S. citizen who conspired to provide services to the Democratic People’s Republic of Korea (DPRK or North Korea), including technical advice on using cryptocurrency and blockchain technology to evade sanctions, was sentenced to 63 months in prison after pleading guilty to conspiracy to violate the International Emergency Economic Powers Act (IEEPA). According to court documents, Virgil Griffith, 39, began formulating plans as early as 2018 to provide services to individuals in the DPRK by developing and funding cryptocurrency infrastructure there, including to mine cryptocurrency. Griffith knew that the DPRK could use these services to evade and avoid U.S. sanctions,…

Brazil Charges President with Illicit Enrichment Ahead of Elections

Prosecutions, Sanctions
Prosecutors charged Brazilian President Jair Bolsonaro with illicit enrichment, in a case related to his former maid in Rio de Janeiro who allegedly received a salary as a government employee while he served as a lawmaker in Brasilia. At the same time, the Brazilian Superior Court ordered a former prosecutor to pay the equivalent of some US$15,000 to Bolsonaro’s political rival, former President Luiz Inacio Lula da Silva, for alleged “moral damages” he caused when he portrayed during a press conference Lula as the leader of a criminal network. The moves come at a sensitive time when Lula is expected…

Economic Crime Act Has Loopholes

Sanctions
A new UK government act designed to target the assets of Russian oligarchs and other money launderers comes with loopholes, according to an economic crime expert from the University of Portsmouth. Paul Gilmour, from the University’s School of Criminology and Criminal Justice is a leading expert on financial transparency, and publishes a new paper today in the Journal of Financial Crime. In it, he says that authorities need to fundamentally adapt their approach to combating money laundering, and strengthen measures to further enhance beneficial ownership transparency. Gilmour is concerned that new measures within the Economic Crime Act, which was recently…

Foreign Secretary Announces Historic Round of Sanctions on Russia

Sanctions
Liz Truss announces historic round of sanctions, taking the overall number of UK sanctions on Russia to more than 1,000 since the invasion of Ukraine. Foreign Secretary announces more than 370 new sanctions now possible thanks to new urgent Economic Crime Act powers after today the UK will have designated over 1,000 individuals and entities under the Russia sanctions regime since the invasion today’s designations also include Putin’s key political allies, regime spokespeople and Kremlin-backed disinformation agencies Foreign Secretary Liz Truss announces over 370 more Russian and Belarussian sanctions today (Tuesday 15 March), which means by the end of today…

Russia Considers New Anti-Transparency Measure to Shield Civil Servants From Sanctions

Regulation, Sanctions
On Mar. 5, 2022, a veteran Russian parliamentarian introduced an amendment to shield Russian civil servants from sanctions “by unfriendly states,” the latest in a series of moves by the Russian government to limit transparency. Sanctioned Parliamentarian Introduces Anti-Transparency Amendment Vladislav Reznik, a deputy since 1999 in the Russian Federation’s State Duma, introduced the proposed amendment to Russia’s Federal Law No. 273-FZ of December 25, 2008, according to Russian news agency Interfax and state media outlet TASS. The proposed amendment would prohibit Russian government entities at all levels (federal, federal subjects, and local) as well as state companies and public…

U.S. Departments of Treasury and Justice Launch Oligarch Whistleblower Programme

Regulation, Sanctions
The US Department of Treasury’s Financial Crimes Enforcement Network has created a new whistleblower programme that will pay more than $5 million to any whistleblower with original information that helps them seize assets of Russian elites seeking to evade US sanctions. Titled the Kleptocracy Asset Recovery Rewards Program, the scheme is aimed at seizing stolen assets by elites and their associates and the proceeds of their corruption. The Treasury Secretary can authorise greater amounts than $5 million should a case merit it. Jeffrey Newman, a partner in the firm of Newman & Shapiro which represents whistleblowers worldwide, said:“This programme can…

You Cannot Just Take an Oligarch’s London home

Sanctions
It has taken Russia’s invasion of Ukraine for the UK to pursue more concerted action against the flow of dirty money through the City of London and the capital’s property market. Government reforms announced on Monday focused on lifting the veil of secrecy around corrupt real-estate ownership. These are just the first steps toward potentially seizing assets — but the steps are significant. Multimillion-pound properties in London have proved a convenient and safe place to stash Russian fortunes. Hereon, anonymous foreign beneficiaries of British real estate are to face restrictions on selling if they hide behind shell companies. Whether these…

Super Yacht Detained in Canary Wharf

Sanctions
Officers from the National Crime Agency’s Combating Kleptocracy Cell have this morning served a detention notice on a superyacht owned by a Russian national. Following some fast-paced work by intelligence officers in the Cell – supported by colleagues from Border Force Maritime Intelligence Bureau – the ultimate owner of the vessel Phi was identified. This information was passed to Transport Secretary Grant Shapps MP, who today ordered the first ever detention of a superyacht in UK waters. As a result NCA officers issued the notice of detention. Owned by a Russian businessman, Phi is the third biggest yacht built by…

Six Steps Exchanges Can Take to Comply With Cryptocurrency Sanctions

Digital Currencies, Sanctions
With the Russian invasion of Ukraine ongoing and extensive sanctions being levied accordingly, cryptocurrency-specific designations may be close behind. Below, we outline six steps exchanges can take to strengthen compliance. 1) Collect Know Your Customer (KYC) information and screen it against sanctions listsAny cryptocurrency business should explore collecting KYC information from new users upon sign-up, recording information such as customer names, addresses, phone numbers, emails, and related documentation. As part of the KYC process, cryptocurrency businesses should screen this information against sanctions lists to refrain from doing business with any designated individuals, entities, or with sanctioned countries. Because each country…

Jewellery Industry Accused of Silence over Russian Diamonds

Sanctions
Insiders say current sanctions do nothing to halt flow of Russian gems to the west because majority are exported rough and get reclassified in India In the photographs, Vladimir Putin stands with a faint smile on hisface. Behind him, the enormous cavern of a mine stretches out, the earth ringed red and ochre. In other photographs from his visit to the Siberian mining city of Mirny, the Russian president is pictured meeting local miners and inspecting one of the dark stones they cut from the earth. Soon, the rock in his hand will be swept into a vast and complex…

German Resort’s Rift Over Russian Oligarch Resonates Across Country

Sanctions
FRANKFURT — A German politician who mobilized a protest against a now-sanctioned Russian resident of his resort town has attracted a following, but also angry emails and a threatening phone call. This mirrors Germany’s ambivalence to becoming a sanctuary for wealth in a culture that cherishes privacy but that critics say has allowed the mega-rich to squirrel away assets in secrecy. And while Britain, France, Italy and Spain have seized yachts and other property since Russia’s invasion of Ukraine and the subsequent imposition of sanctions on influential Russians, Germany appears to have sat on its hands. “For years, Germany has…

Swiss Banks Hold More Than $200 Billion in Stashed Russian Cash

Sanctions
(Bloomberg) — Swiss banks may hold more than $200 billion of Russian wealth, the country’s banking lobby estimates, as sanctions shine a spotlight on the extent of Russian wealth stored in overseas vaults. Banks probably hold between 150 billion ($160 billion) and 200 billion Swiss francs of Russian client money in offshore accounts, according to the Swiss Bankers Association. Credit Suisse Group AG Chief Executive Officer Thomas Gottstein said earlier this week that Russian money accounted for about 4% of assets at the bank’s wealth management division. The country of 8.6 million inhabitants has long been attractive for wealthy Russians,…

New Financial Sanctions Measures in Relation to Russia

Sanctions
Following the Prime Minister’s statement to the House of Commons on 22 February 2022, the UK announced a tranche of sanctions on Russia. The Prime Minister announced further measures on 24 February 2022 which are available on the Foreign, Commonwealth & Development Office website. If you require a licence to permit any activity which would otherwise be prohibited by sanctions regulations, you must contact the relevant department. We expect firms to have established systems and controls to counter the risk that they might be used to further financial crime and this includes compliance with financial sanctions obligations. Where the FCA…

First U.K. Annual Sanctions Report

Sanctions
The UK’s Annual Sanctions Report for 2021 details, for the first time, the full extent of its new autonomous sanctions since exiting the European Union. the Foreign, Commonwealth & Development Office Sanctions Annual Report for 2021 has been published, which shows that, in its first full year since leaving the EU, the UK has imposed sanctions against 160 individuals and entities individuals and entities sanctioned for, among other activities, corruption and human rights abuses, are from a number of countries, including Myanmar, China, Belarus, Pakistan and Venezuela the report shows that since leaving the EU, the UK is more agile…