IRAQ REINSURANCE COMPANY REMOVED FROM UK SANCTIONS LISTS

On 4th December, HM Treasury issued a Notice confirming that the Iraq Reinsurance Company was no longer subject to financial sanctions in the UK.  This follows the publication of EU Regulation 2017/2217 on 2nd December.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/664497/Notice_2017_2217_IRAQ.pdf

CROSS-BORDER INVESTIGATIONS UPDATE – NOVEMBER 2017

Skadden’s semi-annual Cross-Border Investigations Update takes a close look at recent cases, regulatory activity and other key developments, including new UK reporting obligations for sanctions violations, compliance challenges under China’s new globalization initiative and AML enforcement trends in the US and EU.

Skadden

https://www.jdsupra.com/legalnews/cross-border-investigations-update-89008/

EU REMOVES SANCTIONS FROM IRAQ REINSURANCE COMPANY

Commission Implementing Regulation (EU) 2017/2217, amending Council Regulation (EC) No 1210/2003 concerning certain specific restrictions on economic and financial relations with Iraq, removes Iraq Re-insurance Company from EU sanctions lists with effect from 2nd December.

http://eur-lex.europa.eu/legal-content/EN/AUTO/?uri=uriserv:OJ.L_.2017.318.01.0023.01.ENG&toc=OJ:L:2017:318:TOC

LIKE SEEING YOUR TOYS IN A TOY MUSEUM

IMG_20171202_112209

These are the (very) basic pieces of equipment I used to use during my 9 years in the Royal Observer Corps.  The white box is the GZI (ground-zero indicator), essentially a 4-faced pinhole camera loaded with photographic paper used to triangulate the explosion.  The instrument with a dial is the BPI (bomb power indicator), basically a sort of barometer measuring the peak overpressure.  The green things are the maroons, rockets also used to alert the coastguard (1 blast), lifeboat (2 blasts), with the 3 blasts indicating imminent arrival of fallout.  Out of shot on the left was the hand-operated siren to provide the familiar “air raid” warning (and perhaps the all clear…?).  The other box appears to be a version of the communications device used.  Missing is the radiac survey meter (RSM) used to measure the presence of radiation.

The ROC, part of the UK Warning & Monitoring Organisation, though wearing RAF uniforms and RAF-style ranks, and RAF bases for training, was finally stood down in 1995 after the end of the Cold War.  The several “secret” underground bases opened up around the UK in recent years were part of the same network, though most ROC people operated from small, 3-person subterranean posts…

The display is now in the Imperial War Museum in London.

For more information on the ROC, and its proud history including its vital role in the Battle of Britain, at D-Day and its postwar roles, see-

http://www.roc-heritage.co.uk/

EU REGULATION AMENDS RUSSIA SANCTIONS RE ROCKET FUEL

EU Regulation 2017/2212 amends Regulation 833/2014 with effect from 2nd December, to permit certain operations (import/export) involving hydrazine (CAS 302-01-2) in concentrations of 70% or more, which is included in the Common Military List of the EU.  Hydrazine has been used as fuel for many rockets and spacecraft, including the space shuttle.  It is considered necessary for the flight of the ExoMars carrier module and tests and flight of the ExoMars descent module in the framework of the ExoMars 2020 mission.

http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2017.316.01.0015.01.ENG&toc=OJ:L:2017:316:TOC