US TARGETING ENTITIES AND INDIVIDUALS EVADING SANCTIONS ON RUSSIA

On 20 April, KPMG noted that OFAC had issued new General Licenses 28 and 29, and updated SDN List of sanctions targets and a new FAQ.  The text of the new FAQ is provided and refers to obligations do operators of credit card systems with regard to payment cards issued by sanctioned Russian financial institutions.  It also refers to a US Treasury news release which relates to designated entities and individuals have been involved in attempts to evade sanctions imposed by the US and its international partners on Russia.

https://home.kpmg/us/en/home/insights/2022/04/tnf-united-states-targeting-entities-individuals-evading-sanctions-russia.html

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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