On 21 April, London-based law chambers 36 Commercial issued a short briefing on its Covid-19 Assistance Hub.
https://36group.co.uk/content/files/article_covid-19-and-e-signatures_20200415msv1.pdf
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On 21 April, Global Construction Review reported that AfDB has blacklisted civil engineering company China Zhonghao Nigeria Ltd for 18 months after an investigation found fraudulent practices in bidding. China Zhonghao Nigeria had partnered with Oceanic Construction and Engineering Nigeria to bid for 2 tenders under the AfDB-financed Urban Water Supply and Sanitation Improvement Project in Nigeria. The AfDB had already blacklisted Oceania, for 48 months, for fraudulently misrepresenting its year of incorporation, the value of its reference contracts, and the experience of its key personnel.
http://www.globalconstructionreview.com/news/bank-blacklists-china-zhonghao-nigeria-18-months-f/
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A news release from the US DoJ on 20 April advised that the us Attorney for the Southern District of New York, and the FBI had announced criminal charges against Industrial Bank of Korea FOR failing to establish, implement, and maintain an adequate AML programme at IBK’s New York branch. However, the Government has agreed to defer prosecution for a period of 2 years, after which time the Government will seek to dismiss the charges. This followed an agreement whereby the bank had agreed to pay penalties totalling $86 million to prosecutors and regulators, refrain from all future criminal conduct, and implement remedial measures as required by its regulators.
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On 21 April, a news release from the OECD said that recent seizures of fake medical supplies being marketed as protection against Covid-19 underscore the need to address a growing international trade in counterfeit pharmaceuticals that is costing billions of euros a year and putting lives at risk, according to the OECD and the EU Intellectual Property Office. A joint report says that the trafficking and sale of fake or defective medicines is enriching criminal groups and endangering health while draining away vital industry and tax revenues. Analysis of customs seizures over 2014-16 finds that trade in counterfeit pharmaceuticals was worth €4 billion in 2016. That figure excludes fake medicines produced and consumed domestically and shipments of pharmaceuticals that are stolen in transit and rerouted for sale in a different market or country. The report finds that most of the counterfeit drugs seized over 2014-16 were fake antibiotics, male impotence pills, painkillers and medication for malaria, diabetes, epilepsy, heart disease, HIV/AIDS, cancers, high blood pressure and allergies. Forensic tests of suspect samples show that in 90% of cases, counterfeit medicines can harm patients. More than half the fake medicines seized in recent years originated in India and nearly a third came from China with the main destinations being Africa, Europe and the US. Singapore and Hong Kong are key transit points in the supply chain, with other routes running through the UAE, Egypt, Cameroon and Turkey. Pharmaceutical companies from the US, EU and Switzerland are the hardest hit by counterfeiting.
The report is available at –
http://www.oecd.org/gov/trade-in-counterfeit-pharmaceutical-products-a7c7e054-en.htm
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On 20 April, NK Pro reported that a South Korean company appears to have transferred fuel on several occasions to tankers that later continued sailing to North Korea. SM Maritime, whose tankers are at the centre of the incidents of concern, insist they broke no sanctions and deny any wrongdoing.
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On 21 April, a Notice from HM Treasury advised that 4 names had been removed from its sanctions lists.
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