In the latest edition of our Sanctions Watch weekly digest, we present significant updates on sanction watchlists and regulatory developments.
The United States Department of the Treasury imposed new sanctions on North Korea and Iran in response to recent events, including Pyongyang’s space rocket launch and tensions with Iran over Tehran-backed militants’ attacks in the Middle East.
France recommended that the European Union should think about imposing sanctions on Israeli settlers targeting Palestinians in the West Bank. Simultaneously, talks within the EU regarding sanctions on Hamas commanders were progressing.
Humanitarian exemptions to asset freeze measures have been implemented by the European Union in 10 restrictive measures regimes, encompassing countries such as Bosnia and Herzegovina, Burundi, Guinea, Lebanon, Myanmar, Nicaragua, Tunisia, Venezuela, and Zimbabwe.
Financial Crimes Enforcement Network (FinCEN) formed an international task force with 12 countries to combat Hamas financing after the 7 October attacks, enhancing information sharing and targeting their financial networks globally, a significant step in preventing funds for terrorist activities.