COMPLIANCE ETC: THINGS YOU MAY HAVE MISSED – MAY 25

Missed 2 more earthquakes yesterday, apparently, one quite big and relatively close by – on the border with Colombia but 30 km out at sea.

The latest Covid statistics have been released, for the week ending 20 May, and they show slowly increasing figures. 753 new cases (664 the week before), with active cases up quite a jump to 682, with 1 patient in ICU and 42 in other wards (this figure down from 48 the previous week). 1 more fatality has been recorded, and the test results show a hit rate of 8.9% – this figure having been gradually rising since mid-April.

25 MAY 2023

https://www.buymeacoffee.com/KoIvM842y

OFAC SANCTIONS THE HEAD OF THE WAGNER GROUP IN MALI – IVAN ALEKSANDROVICH MASLOV

On 25 May, OFAC announced that it had designated Maslov, the head of Russian Private Military Company ‘Wagner’ (aka Wagner Group) paramilitary units and its principal administrator based in Mali.

https://ofac.treasury.gov/recent-actions/20230525

https://home.treasury.gov/news/press-releases/jy1502

UK: SANCTIONS EVASION GUIDANCE FOR HIGH-VALUE DEALERS AND ART MARKET PARTICIPANTS

On 23 May, Ropes & Gray LLP said that OFSI had published guidance aimed to help “high value dealers” and art market participants (AMP) identify and mitigate sanctions risks. It is no surprise that the UK is a major hub for trade in high-value goods including art, antiques, “supercars,” precious metals and gemstones, and fine wine and whisky.

https://insights.ropesgray.com/post/102ifb0/sanctions-evasion-guidance-for-high-value-dealers-and-art-market-participants#page=1

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1151932/OFSI_HVD_Guidance_FINAL_180423.pdf