The Wall Street Journal reported on 25th April that the FCA in the UK is considering whether to disclose more information to the public about continuing investigations, citing consumer interest in certain cases. It said so in a report, in which it said that it was weighing the changes as part of a broader review of its approach to enforcement. The FCA now discloses investigations only in limited circumstances.
The FCA report, Our Approach to Enforcement, is available at –
On 25th April, OFAC announced that Haverly, a New Jersey corporation with offices in Texas and California, had agreed to pay $75,375 to settle its potential civil liability for 2 apparent violations of the Ukraine Related Sanctions Regulations in 2016-17, when it transacted or otherwise dealt in new debt of greater than 90 days maturity of JSC Rosneft, an entity identified by OFAC on the Sectoral Sanctions Identification List.
https://content.govdelivery.com/accounts/USTREAS/bulletins/240d2f4
https://www.treasury.gov/resource-center/sanctions/CivPen/Documents/20190425_haverly.pdf
On 24th April, the Department for Business, Energy and Industrial Strategy issued a reminder about a consultation, launched on 4th March, to better understand how confidentiality clauses (aka NDA) and the legal framework around them work in practice, and to assess what changes are required to ensure individuals are appropriately protected from their misuse. The consultation closes on 29th April.
Al Jazeera reported on 24th April that governments and businesses that have dealings with the IRGC and its affiliates will not be subject to a ban on US travel. The designation had raised fears that US diplomats and troops might have to end contacts with officials in countries that have ties with Iran or elements of the IRGC – such as Lebanon and Iraq.
Meanwhile, the Business Standard in India reported that –
US WILL NOT EXTEND SANCTIONS ON CHABAHAR PORT PROJECT IN IRAN
In December 2018, Iran had handed over a part of the operations at Shahid Beheshti port, Chabahar, to India. The port is the gateway to Afghanistan and central Asia, and in which India has heavily invested — both financially and diplomatically.
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