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Cayman judgment on “use” of funds
The Grand Court of the Cayman Islands has held that the exercise of voting rights by the shareholders of an investment fund to change the directors of the fund was not a “use” of shares within the...
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UN & EU de-list 4 people from ISIL & Al-Qaida sanctions
On 8 February 2019, the UN Security Council removed the following 4 people from its ISIL (Da’esh) and Al-Qaida sanctions list: Hassan Abdullah Hersi Al-Turki, Jamal Housni, Malik Muhammad Ishaq, and...
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EU and UN add Osama bin Laden’s son to ISIL & A-Q sanctions list
On 28 February, the UN Security Council added Hamza Usama Muhammad bin Laden, son of Osama bin Laden (deceased), to its ISIL (Da’esh) and Al-Qaida sanctions list. As a result, he is now subject to a UN...
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UN & EU delists 4 entities from Iraq sanctions
The UN Security Council has removed the following 4 entities from its Iraq sanctions list: General Establishment for Main Out Pall Drain, National Tobacco State Company, State Enterprise for...
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UNSC & EU delist one entity from ISIL and Al-Qaida sanctions
The UN Security Council has removed Djamat Houmat Daawa Salafia (DHDS) from its ISIL (Da’esh) and Al-Qaida sanctions list. As a result, the group will no longer be subject to asset freezing measures,...
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UN adds leader of JeM to its ISIL and Al-Qaida Sanctions
The UN has added Masood Azhar, the leader of Jaish-e-Mohammed (JeM) to its ISIL and Al-Qaida sanctions list (imposing an asset freeze, travel ban and arms embargo). JeM has been proscribed as a...
View ArticleUNSC and EU update ISIL (Da’esh) and Al-Qaida and Iraq sanctions lists
ISIL (Da’esh) and Al-Qaida The UN Security Council has imposed an asset freeze, travel ban and arms embargo on Islamic State in Iraq and the Levant – Khorasan (ISIL-K). The group was formed by a former...
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UNSC and EU delists individual from ISIL (Da’esh) and Al’Qaida sanctions
The UN Security Council has removed Mazen Salah Mohammed from its ISIL (Da’esh) and Al-Qaida sanctions list. As a result, he will no longer be subject to asset freezing measures, travel ban or an arms...
View ArticleUNSC renews sanctions against Central African Republic
The UN Security Council has decided to renew a modified sanctions regime against the Central African Republic until 31 January 2020 by adopting Resolution 2488 (2019). The decision renews the arms...
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UNSC & EU renew Somalia arms embargo & restrict IED components
On 15 November 2019, the UN Security Council adopted Resolution 2498 (2019), which introduced restrictions on the sale / supply / transfer of components which will be used or pose a significant risk of...
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EU implements first UN-Mali listings
Last month, the UN Security Council added 3 individuals to its Mali sanctions list: Ahmoudou Ag Asriw, Mahamadou Ag Rhissa, and Mohamed Ousmane Ag Mohamedoune (travel bans only). They were the first...
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UN Sanctions Best Practices Guide
Australia, Belgium, Germany, the Netherlands and Sweden have come together to create a Best Practices Guide for Chairs and Members of UN Sanctions Committees. The Guide (inter alia) outlines the roles...
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UN & EU delist 3 entities from Iraq sanctions
Last week (8 January), the UN Security Council removed 3 entities from its Iraq sanctions list: General Establishment for Designs and Research, State Enterprise for Aluminum Semi Products, and State...
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UN & EU remove 8 entities from Iraq sanctions list
On 29 January 2019, the UN Security Council removed the following 8 entities from its Iraq sanctions list: General Establishment for Hospitality Affairs; General Establishment for Travel and Tourist...
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BVI court partially adjourns Alfa Bank case and discusses OFSI’s delay in...
Alfa-Bank applied for a freezing order against Kipford in the BVI in 2021. When Alfa-Bank was sanctioned in 2022 its lawyers applied for a licence to receive legal fees in the UK and the BVI. The BVI...
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