B&A Law joins Wladimiroff Advocaten

Dear Clients and Friends, It is with great pleasure and excitement that we can announce that, as of 1 February 2018, B&A Law has joined the best regulatory and criminal enforcement law firm of the Netherlands, Wladimiroff Advocaten N.V. (www.wlaws.com). At Wladimiroff, we will be fully responsible for the economic sanctions and export controls practice, under practically the same conditions as we did at B&A Law. At Wladimiroff, you can expect from us the same dedication, the same high-quality service … Vervolgd

New designations US Russia sanctions regime

On 26 January 2018, the United States (“US“) Department of the Treasury’s Office of Foreign Assets Control (“OFAC“) designated 21 individuals and 9 entities under the US Russia sanctions regime. The designations include three individuals and two entities related to Russia’s transfer of four turbines made by a Russian-German joint venture to Crimea. The US has taken these measures in order to maintain sanctions pressure on Russia, until it fully implements its commitments under the Minsk agreements.  According to OFAC, … Vervolgd

Canadian-Iranian man sentenced to 32 months in prison for violating the US Iran sanctions regime

On 15 December 2017, mr. A. Soofi (“Soofi“), a Canadian-Iranian dual national, was sentenced to 32 months in prison for violating the International Emergency Economic Powers Act (“IEEPA”).  Soofi already pleaded guilty  to one count of conspiracy to violate the IEEPA on 7 September 2017. According to the ofcourt documents, Soofi, between 2014 and December 2016, conspired to export military items, such as helicopters, machine gun parts and tank parts, from the United States (“US“) to Iran, both directly and through transshipment … Vervolgd

Australian man charged for violating UN and Australian North Korea sanctions regime

On 17 December 2017, an Australian man was charged for violating the United Nations (“UN“) and Australian North Korea sanctions regime. According to the Australian Federal Police (“AFP“), the man acted as an economic agent for the Government of North Korea in Australia. The AFP have alleged, that he was involved in brokering the sale of missiles and missile components and expertise from North Korea to other international entities and attempting to transfer coal from North Korea to entities in Indonesia and … Vervolgd

Dentsply Sirona Inc. to pay USD1,220,400 for violating US Iran sanctions regime

On 6 December 2017, Dentsply Sirona Inc. (“Dentsply“), a US company specialising in dental solutions, agreed to pay the Office of Foreign Assets Control (“OFAC“) USD1,220,400 in order to settle its potential liability for apparent violations of the United States (“US“) Iran sanctions regime. OFAC determined, that between November 2009 and July 2012, Dentsply committed 37 violations of the Iranian Transactions and Sanctions Regulations. According to OFAC, during this period indirect subsidiaries of Dentsply had exported 37 shipments of dental equipment and supplies from the … Vervolgd

Dutch transporting company fined EUR 50,000 for transiting military items to Russia

On 23 November 2017, a Dutch court fined Dutch transporting company U-Freight Holland B.V. EUR 50,000 for transiting military items to Russia. The director of the company was also prosecuted, but was acquitted as he was unaware of the transactions. On 17 March 2017, the Dutch company forwarded 2 defect radar systems from the Malaysian military via the Netherlands to Russia for repair. The freight was stopped at Dutch customs because, under the current European sanctions, which contain an arms … Vervolgd

BCC Corporate to pay USD 204,000 for violating US Cuba sanctions regime

On 17 November 2017, BCC Corporate SA (“BCCC”),  a Belgium-based credit card issuer and corporate service company, agreed to pay USD 204,000 in order to settle its potential liability for apparent violations of the US Cuba sanctions regime. The Office of Foreign Assets Control (“OFAC“) determined, that between April 9, 2009 and February 3 2014, BCCC committed 1,818 apparent violations of the Cuban Assets Control Regulations, 31 C.F.R. part 515 (“CACR“). At the time of the violations, BCCC was a wholly … Vervolgd

EU adopts Venezuela sanctions regime

On 13 November 2017, the European Union (“EU“) Council published its conclusions on Venezuela, and agreed on targeted sanctions in view of its concerns at the situation in the country. The EU Venezuela sanctions regime includes an arms embargo, and will also introduce a legal framework for travel bans and asset freezes against those involved in human rights violations and non-respect for democracy or the rule of law. The official Council press release can be found here. Council Regulation (EU) 2017/2063 can be … Vervolgd

EU imposes new sanctions against North Korea

On 16 October 2017, the European Union (“EU“) imposed new sanctions on North Korea under Council Regulation (EU) 2017/1858. The new restrictive measures under the EU North Korea sanctions regime, include a further ban on EU investments in and with North Korea to all sectors, decreasing the amount of personal remittances that can be sent to North Korea from EUR15,000 to EUR5,000, and imposing a further prohibition on the export of oil to the country. The EU also adopted Council Regulation … Vervolgd

EU issues statement on the Joint Comprehensive Plan of Action

On 16 October 2017, the European Union (“EU“) issued a statement on the Joint Comprehensive Plan of Action (“JCPOA“), following United States (“US“) President Trump’s decision not to certify Iran’s compliance with the JCPOA. On 13 October 2017, US President Trump announced that he will not terminate the JCPOA, but that he also will not certify that Iran is complying with it and he demands strict(er) compliance with the accord. In fact, this means that US Congress now has sixty days to … Vervolgd