Sanctions
Cleareye.ai, J.P. Morgan Collaboration Aims to Solve TF Paper Puzzle
Cleareye.ai, an advanced artificial intelligence and machine learning platform, announced on 21 September 2022 its strategic alliance with J.
Compelling Compliance Issues Identified and Examined
In a recent discussion of hot-button issues impacting compliance in the US, industry specialists identified and addressed five areas: * the
US Agencies Issue Alert on Export Control Evasion Tactics
US Treasury’s Financial Crimes Enforcement Network (FinCEN) and the US Department of Commerce’s Bureau of Industry and Security
Economic Sanctions: Introducing Uncertainty into Trade Instruments?
Economic sanctions challenge lawyers to navigate compliance and regulatory interpretations. The historical case of Shanning International v. Lloyds TSB Bank highlights the ongoing nature of demand guarantees amidst changing sanctions. Recent US OFAC views also complicate trade finance obligations.
Equador Cautions Trafigura of Russian Origin Diesel Discharge
Petroecuador, Ecuador’s state oil company, has cautioned Trafigura Group about avoiding importing fuel of Russian origin after the commodity trader reportedly “finished discharging a cargo of mostly Russian diesel at the Ecuadorian port of Esmeraldas”
Asia Traders Ready, Willing, Unable to Buy Russian Coal
Citing an inability to find an appropriate payment arrangement, would-be purchasers of discounted Russian thermal coal based in Asia have
US Treasury Designates Faciltators of Russian Sanctions Evasion
On 20 April 2022, U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Russian bank,
Aviation Company Says Bank Wrongfully Dishonored LCs Backing Russian-Leased Planes
Celestial Aviation Services, a subsidiary of Irish-based aircraft leasing giant AerCap, filed a USD 45.8m suit in London High
Majority of Jets Leased to Russia Remain Unrecovered
Foreign leasing companies which have supplied Russia’s airline industry with more than half of its 980 aircraft fleet recovered “only a fraction” of the jets
Sri Lanka Gov Purchased Coal from Russian Trader
According Reuters reporting, a Sri Lankan government official has affirmed that the country has purchased two cargoes of 60,000
