On 29th November, HM Treasury issued a Notice advising that, following EU Regulation 2018/1863/EU, Badi Salah, senior commander of the armed anti-GNA Al-Somood front, also known as Fakhr or ‘Pride of Libya’, and the Misratan Al Marsa Central Shield brigade, had been added to the Consolidated List of sanctions designations. A news release containing the same information was published by the Isle of Man on 30th November.
https://www.gov.im/news/2018/nov/30/financial-sanctions-libya/
On 29th November, HM Treasury issued a Notice announcing that the Office of Financial Sanction Implementation (OFSI) had renewed the final designations under the Terrorism Asset-Freezing Etc Act 2010 of the Popular Front for the Liberation of Palestine (PFLP) and the Popular Front for the Liberation of Palestine – General Command (PFLP-GC).
On 30th November, the Isle of Man issued a news release confirming the renewal.
https://www.gov.im/news/2018/nov/30/financial-sanctions-terrorism-and-terrorist-financing/
In this BBC Radio 4 documentary, with Brexit looming, reporter Jonty Bloom heads to Teeside to see plans for it to become the UK’s first ‘freeport’ offering customs-free imports which it is hoped will encourage advanced manufacturing, utilising the region’s deep water port.
CMS Law on 28th November reported that the High Court has upheld a prohibition on offering bets on the outcome of a non-UK EuroMillions draw to UK consumers. The court found that the prohibition pursued legitimate aims that could only be achieved by an outright ban, and followed a fair and lawful consultation. In the UK, betting on the National Lottery has long been prohibited by section 95 of the Gambling Act 2005. However, licensed betting operators identified a way around the prohibition by offering UK consumers betting on the outcome of EuroMillions draws run from outside the UK.
CNET on 29th November reported that the SEC says the celebrities didn’t disclose payments they received for promoting ICO (initial coin offerings). The SEC said this was the first time it had brought such charges involving the touting of cryptocurrency offerings. Khaled talked up Centra Tech and its Centra cryptocurrency tokens on his social media accounts but didn’t disclose a $50,000 payment from the company. Mayweather also didn’t disclose promotional payments from 3 ICO issuers, including Centra Tech, which gave him $100,000.
In May 2018, the Anti-Money Laundering and Countering the Financing of Terrorism Industry Partnership in Singapore published a comprehensive guide intended to provide practical guidance to implement the standards stipulated in guidance on Trade Finance and Correspondent Banking published in October 2015 and the Wolfsberg Guidelines (for banks), and which outlines the leading practices noted in the market around the identification of Trade Based Money Laundering.
https://abs.org.sg/docs/library/best-practices-for-countering-trade-based-money-laundering.pdf
The Order Paper for the December sitting of the Island’s parliament also includes the GSC Annual Report 2017/18.
http://www.tynwald.org.im/business/opqp/sittings/20182021/2018-GD-0074.pdf
The Order Paper for the December sitting of the Island’s parliament also includes the Customs and Excise Acts (Application) (Amendment) (No. 4) Order 2018 (SD 2018/298) which formally imposes an import ban on snus (oral snuff, which although produced in Sweden is banned throughout the EU). It replaces a former ban that was originally introduced to ban “Skoal Bandits”, and makes clear that the prohibition also covers snus. It will allow the importation of chewing tobacco, which is legally allowed in the UK (and is subject to excise duty).
Incidentally, for more information on Skoal Bandits, which is described as “dipping tobacco”, see –
http://www.tobaccotactics.org/index.php/Snus:_EU_Ban_on_Snus_Sales
http://www.tynwald.org.im/business/opqp/sittings/20182021/2018-SD-0298.pdf
The Order Paper for the December sitting of the Island’s parliament includes the European Union (Chemical Weapons Sanctions) Order 2018 (SD 2018/ 028) and the Chemical Weapons Sanctions Regulations 2018 (SD 2018/ 0281). These apply and implement in the Island EU Regulation 2018/1542, which provides for the freezing of funds and economic resources of certain persons, entities or bodies for the manufacture, use etc of chemical weapons. They came into effect on 22nd October.
http://www.tynwald.org.im/business/opqp/sittings/20182021/2018-SD-0280-0281-MEMO.pdf
On 29th November, the US Treasury announced that the 7 member nations of the Terrorist Financing Targeting Center (TFTC – being Saudi Arabia, Bahrain, Kuwait, Oman, Qatar, and UAE) took significant actions to expose and disrupt Taliban actors and their Iranian sponsors that seek to undermine the security of the Afghan Government. The TFTC Member States (including OFAC in the US) have designated 9 individuals associated with the Taliban, including those facilitating Iranian support to bolster the terrorist group.
https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20181023.aspx
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