Day: March 16, 2023

COMPLIANCE ETC: THINGS YOU MAY HAVE MISSED – MARCH 16

After Costa Rica extradited Panamanian gang leader, Jorge Rubén Camargo Clarke (aka “Cholo Chorrillo”), to the US on 3 February, comes news that Costa Rica has now extradited his wife to Panama. Nancy Abigail Guerrel Góngora faces money laundering charges in Panama.

In other news, the Government reports that tourism numbers have recovered, but are still below pre-pandemic levels. We saw a few today, down on the Amador Causeway and at the Biomuseo, most of whom appeared to be Europeans, and met up with a couple of Croatian lads.

16 MARCH 2023

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https://www.buymeacoffee.com/KoIvM842y

ADDRESSING SHIP REFLAGGING TO AVOID SANCTIONS

On 16 March, the EU Parliament Research Service published a briefing which says that reflagging to a flag of convenience is a practice whereby a shipowner registers their ships in a country with relatively light controls or low standards, for instance in the area of environmental or employment law.  While this is legal in principle, it is often combined with illegal practices, including the circumvention of sanctions.  The IMO and the EU are trying to tackle abusive reflagging.

https://www.europarl.europa.eu/RegData/etudes/ATAG/2023/745686/EPRS_ATA(2023)745686_EN.pdf

https://www.buymeacoffee.com/KoIvM842y

SLAPPs – DEFAMATION, PRIVACY, PUBLIC PARTICIPATION AND REFORM

On 14 March, Mills & Reeve published this article about Strategic Lawsuits Against Public Participation (SLAPPs), which it says present an important issue within society, politics and the legal profession, particularly in a libel and privacy context.  It looks at how SLAPPS impact freedom of speech and public participation, why there is a current focus at a governmental and regulatory level and what future change might be on the horizon.  The article signposts the full SRA guidance in the UK which is a must read and conclude with the recent high-profile Arron Banks libel case.

https://www.mills-reeve.com/insights/publications/slapps-defamation-privacy-public-participation

https://www.buymeacoffee.com/KoIvM842y

OFSI UPDATED GUIDANCE ON ENFORCEMENT AND MONETARY PENALTIES FOR BREACHES OF FINANCIAL SANCTIONS NOW INCLUDES A SECTION ON OWNERSHIP AND CONTROL

On 16 March, the EU Sanctions blog reported that OFSI in the UK had issued updated guidance which now includes a section on ownership and control.  The guidance includes information on the due diligence efforts that OFSI may consider to be potentially mitigating.

https://www.europeansanctions.com/2023/03/ofsi-publishes-guidance-on-ownership-control/

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1143219/March_2023_Monetary_Penalty_and_Enforcement_Guidance.pdf

https://www.buymeacoffee.com/KoIvM842y