OTHER THINGS YOU MAY HAVE MISSED – MARCH 7

Panama Covid-19 update – big day today, as the first day of school, with face-to-face classes, starting with the elementary schools, after 2 years when the majority of the 3,102 schools have been closed…

Today saw 362 new cases reported and 3 new fatalities, with active cases dropping by a further 195 to 3,113, with 23 in ICU and 115 in other wards.

7 MARCH 2022 

ISLE OF MAN: VARIOUS SANCTIONS CHANGES

On 7 March, the Isle of Man issued no less than 6 news releases advising of changes to existing sanctions regimes. They advise of –

  • 3 changes to entries on the North Korean sanctions lists;
  • Remove Hossein SALAMI, Mohammad Reza NAQDI and the SEPANIR OIL AND GAS ENERGY ENGINEERING COMPANY from the Iran sanctions lists;
  • Remove 7 individuals from the Iraq sanctions list;
  • Remove 2 individuals from the ISIL/Al-Qaida sanctions list;
  • Corrects the existing entry for Igor Ivanovich SHUVALOV on the Russia sanctions lists; and
  • Amends the entry for 1 individual on the Syria sanctions lists,

https://www.gov.im/news/2022/mar/07/financial-sanctions-democratic-peoples-republic-of-korea-1/

https://www.gov.im/news/2022/mar/07/financial-sanctions-iran-nuclear/

https://www.gov.im/news/2022/mar/07/financial-sanctions-iraq/

https://www.gov.im/news/2022/mar/07/financial-sanctions-isil-daesh-and-al-qaida/

https://www.gov.im/news/2022/mar/07/financial-sanctions-russia/

https://www.gov.im/news/2022/mar/07/financial-sanctions-syria/

WHY THE EU’S POTASH SANCTIONS ARE LOOMING OVER SUPERMARKET PRICES

On 4 March, Politico published an article which informs one that Europe is fully dependent on external supply of potash – a mineral compound that contains potassium, one of three key nutrients needed to fertilise basic crops.  While over 90% of potash is used to manufacture fertilizers, it is also widely used in the food industry for a variety of purposes.  Potash-based fertilisers are Belarus’s second most important export after oil.

https://www.politico.eu/article/eu-sanctions-higher-food-prices-potash

SOUTH AFRICA: ILLEGAL IMMIGRANT FLOW FROM MOZAMBIQUE AND ZIMBABWE CONTINUES UNABATED

On 3 March, Defence Web reported that the largest sources of illegal immigrants to South Africa are its eastern and northern neighbours – Mozambique and Zimbabwe.  All told, soldiers handed 2 997 illegals to police and Department of Home Affairs (DHA) immigration officials in February. 

https://www.defenceweb.co.za/featured/illegal-immigrant-flow-from-mozambique-and-zimbabwe-continues-unabated/

EU COMMISSION LAUNCHES A WHISTLEBLOWER TOOL TO FACILITATE REPORTING OF POSSIBLE SANCTIONS VIOLATIONS

On 7 March, EU Reporter reported that the Commission is rolling out a secure online platform, which whistleblowers from around the world can use to anonymously report past, current, or planned EU sanctions violations.

https://www.eureporter.co/politics/european-commission/2022/03/07/sanctions-commission-launches-a-whistleblower-tool-to-facilitate-reporting-of-possible-sanctions-violations

SOUTH KOREA TO SUSPEND TRANSACTIONS WITH RUSSIA’S CENTRAL BANK AND SOVEREIGN FUNDS

On 7 March, the Yonhap News Agency reported that South Korea plans to suspend transactions with Russia’s central bank, sovereign wealth funds and another Russian lender as it has joined the global move to impose more financial sanctions against Russia over its invasion of Ukraine. 

https://en.yna.co.kr/view/AEN20220307004851320

STEEL TYCOON SANJEEV GUPTA AGREES ON TAX DEAL WITH HMRC AS THEY WITHDRAW WINDING-UP PETITIONS

On 7 March, Sky News reported that HMRC has withdrawn a series of winding-up petitions against parts of his GFG Alliance conglomerate after a revised proposal was tabled by the businessman in recent days.

https://news.sky.com/story/reprieve-for-gupta-as-taxman-withdraws-winding-up-petitions-12559907

UK LAWYER REGULATOR UPDATES WARNING ON SLAPP MISCONDUCT

On 7 March, the Law Society Gazette reported that updated guidance from the Solicitors Regulation Authority reminded solicitors witnessing behaviour bearing the hallmarks of SLAPP (strategic litigation against public participation) should remember their obligations to report it to the regulator.  Features of such cases may include ‘excessive or meritless claims, aggressive and intimidating threats’ or ‘otherwise acting in a day which fails to meet the wider public interest principles’.

https://www.lawgazette.co.uk/news/sra-updates-warning-on-slapp-misconduct/5111759.article

https://www.legalfutures.co.uk/latest-news/rule-will-require-solicitors-to-challenge-colleagues-improper-behaviour

THE STATE OF THE ISLAMIC STATE

On 2 March ETH Zurich published a report which stock of the group’s current status and assessing the dangers it still poses. 

https://css.ethz.ch/content/dam/ethz/special-interest/gess/cis/center-for-securities-studies/pdfs/CSSAnalyse299-EN.pdf

BUY AMERICAN ACT REQUIREMENTS TIGHTENED

On 7 March, Sandler Travis Rosenberg reported that the Biden Administration has finalised a regulatory change that will increase US content in the products purchased by the federal government and support domestic production of goods critical to US economic and national security. This change will take effect 25 October.

https://www.strtrade.com/trade-news-resources/str-trade-report/trade-report/march/buy-american-requirements-tightened

REPORT: COUNTERFEIT AND PIRATED GOODS GET BOOST FROM PANDEMIC

A news release from Europol on 7 March is concerned with an IP threat assessment  produced jointly between Europol and the European Union Intellectual Property Office.  It says that the health crisis has presented new opportunities for trade in counterfeit and pirated products, and criminals have adjusted their business models to the meet the new global demand.  Clothes, accessories and luxury goods remain among the most popular product categories for counterfeit goods, sold both online and in physical marketplaces. They are one of the top categories of the approximatively 66 million counterfeit items seized by authorities in the EU in 2020.

https://www.europol.europa.eu/media-press/newsroom/news/counterfeit-and-pirated-goods-get-boost-pandemic-new-report-confirms

HOME OFFICE TO PAY SLOVAKIAN UK RESIDENT £5,750 COMPENSATION FOR 10-HOUR CALAIS DETENTION

On 6 March, the Guardian reported that that the Home Office has reached a settlement with an EU citizen it detained at the border in a post-Brexit crackdown on Europeans entering the country last year.  A Slovakian who has lived in the UK for 18 years, was so furious at his treatment in Calais that he sued after officials detained him for 10 hours alleging he was using a false name and had not declared a driving offence when he applied for EU settled status.

https://www.theguardian.com/politics/2022/mar/06/uk-resident-slovakian-calais-detention-home-office-misspelled-name-slugs

YEMEN 10 YEARS ON – NO REAL PROSPECTS FOR STABILITY

On 7 March, Control Risks published a report pointing out that it has been just a little over 10 years since President Ali Abdullah Saleh – following a year of popular demonstrations linked to regional Arab uprisings – decided to resign, thereby propelling Yemen into a decade of instability.

https://www.controlrisks.com/our-thinking/insights/big-picture-series-yemen-ten-years-on

EU SANCTIONS ON RUSSIAN AVIATION — IMMEDIATE LESSOR ACTION REQUIRED

On 4 March, an article from Dentons was concerned with the effects of broad new sanctions on Russian airlines, the Russian aviation sector (including aviation insurance) and certain related activities, entities and persons. 

https://www.dentons.com/en/insights/articles/2022/march/4/eu-sanctions-on-russian-aviation

FORMER HAMPSHIRE POLICE IT CHIEF JAILED FOR £22 MILLION CONTRACT PLOT

On 7 March, the Southern Daily Echo reported that a former police IT chief who conspired to ensure a £22 million contract was awarded to an IT company, has been jailed for bribery, money laundering and false accounting offences.  He abused his position as Chief Information Officer (CIO) at a company in Oxfordshire to secure a multi-million pound contract for an IT company which he had previous connections with.

https://www.dailyecho.co.uk/news/19974525.former-police-chief-andover-jailed-22million-contract-plot/

SWITZERLAND ADOPTS FURTHER COMPREHENSIVE SANCTIONS PACKAGES IMPOSED BY THE EU AGAINST RUSSIA

A post from Baker McKenzie on 7 March said that the Swiss Federal Council has implemented a complete revision of the Ordinance on Measures connected with the Situation in Ukraine, thereby adopting further packages of EU sanctions against Russia. 

https://sanctionsnews.bakermckenzie.com/switzerland-adopts-further-comprehensive-sanctions-packages-imposed-by-the-european-union-against-russia/

JAPAN IMPOSES ADDITIONAL SANCTIONS ON RUSSIA, BELARUS AND THE SO-CALLED DONETSK AND LUHANSK PEOPLE’S REPUBLICS

On 7 March, a post from Baker McKenzie reported that on 3 March, the Japanese government announced additional sanctions against the Russia Federation, the Republic of Belarus and the so-called Donetsk and Luhansk People’s Republics.

https://sanctionsnews.bakermckenzie.com/japan-imposes-additional-sanctions-on-russia-belarus-and-the-so-called-donetsk-and-luhansk-peoples-republics/

https://www.statista.com/chart/26999/russia-biggest-oil-export-partners

TAXATION OF THE DIGITALIZED ECONOMY

On 7 March, KPMG released its latest edition of its regular digest of direct and indirect tax developments.

https://tax.kpmg.us/content/dam/tax/en/pdfs/2022/digitalized-economy-taxation-developments-summary.pdf

CHINA PERMANENT MILITARY FACILITY IN EQUATORIAL GUINEA

On 20 December, CSIS published a Commentary about a base at Bata, which the Washington Post claimed was where China’s People’s Liberation Army (PLA) is seeking to establish a permanent military facility.  The Equatorial Guinea government denied the claims.  CSIS says that if the reports are true, and if China is able to construct a military base on the Atlantic Ocean, it would mark an important step forward in the PLA’s strategy to expand its global power projection capabilities.

https://www.csis.org/analysis/china-building-new-string-pearls-atlantic-ocean

UK: RUSSIA AND BELARUS SANCTIONS – DETAILS OF GENERAL LICENCES ISSUED BY OFSI

HM Treasury maintains a page containing all the General Licences issued by OFSI.  On 7 March, OFSI General licence – INT/2022/1272278 was amended to update the references to UK legislation and expand the definition of a subsidiary.

https://www.gov.uk/government/collections/ofsi-general-licences

https://www.visualcapitalist.com/a-visual-guide-to-europes-member-states/

https://www.visualcapitalist.com/a-visual-guide-to-europes-member-states/

THE UK – AND GIBRALTAR – INCLUDED ON RUSSIA’S LIST OF COUNTRIES TAKING “UNFRIENDLY ACTIONS” AGAINST IT

On 7 March, GBC reported that the UK, and overseas territories including Gibraltar, is on a list of countries issued by the Russian government, described as “taking unfriendly actions against Russia, Russian companies, and citizens”.  The list also includes the US, Canada, and the EU states.

https://www.gbc.gi/news/uk-and-gibraltar-included-russias-list-countries-taking-unfriendly-actions-against-it

PANAMA’S POSITION ON THE ACTION PLAN TO GET OFF FATF GREY LIST

On 7 March, La Estrella carried an article explaining what the Ministry of Economy and Finance says it has done.  It says that, despite Covid-19, Panama has completed 8 of the 15 actions, and has also continuously presented significant and tangible progress in the remaining 7 actions of the 2019 action plan.  It says that includes the work undertaken included legislative modifications, exhaustive development of risk analysis, implementation of regulations, development of a ultimate beneficiary registry and the increase in investigations, focused on previous crimes abroad.  Panama now has a deadline to comply fully by June 2022, or face stronger action.

https://www.laestrella.com.pa/economia/220307/mef-afirma-panama-presentado-avances-significativos-tangibles-7-acciones-restantes-salir-lista

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at https://www.buymea3coffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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