Compliance News: Further restrictions on Myanmar

EU enforces the sixth round of Sanctions against 9 individuals and 7 entities related to the continuing war in Myanmar/Burma.

Two years have passed since the civil war in Myanmar broke out in which the country has witnessed a distressing escalation of violence, human rights violations, and fears of peace, safety and stability.

The European Union this week continued their restrictions on private companies or entities supplying fuel, arms and funds to the military.

A press release published by the Council of the EU stated: “Other EU restrictive measures will remain in place: the embargo on arms and equipment and export restrictions on equipment for monitoring communications which might be used for internal repression.

“The export ban on dual-use goods for use by the military and border guard police, and the prohibition of military training and cooperation with the Tatmadaw.”

It continues to say: “The restrictive measures come in addition to the withholding of EU financial assistance directly going to the government and the freezing of all EU assistance that may be seen as legitimising the junta.”

The EU will continue their strong stance on outcomes such as “human rights human rights violations, including sexual and gender-based violence, the persecution of civil society, human rights defenders and journalists, attacks on the civilian population, targeting also children and persons belonging to ethnic and religious minorities across the country.”

The restrictions measures will add to the current total of 93 individuals and 18 entities with a designated approach to an asset freeze and travel bans designed to prevent them from entering EU territory.

https://www.consilium.europa.eu/en/press/press-releases/2023/02/20/myanmar-burma-eu-imposes-sixth-round-of-sanctions-against-9-individuals-and-7-entities/

For further information on the Financial Crime Market and / or Compliance Recruitment, please get in touch:

Taylor Catton – Compliance & Sanctions Specialist Recruiter

taylor@theriskpartners.com

The Risk Partners are a boutique Governance specialist recruiter, with Compliance & Risk Management at the heart of its activities. We live in a world where Governance steers the world through often challenging times. Our aim is to work with clients to ensure that you find the right people for your business. Please get in touch to discuss how we can help you.

On The Pulse: Senior Moves – February 2023

Some interesting moves within the London market. Congratulations on your new positions!

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Compliance News: Latest Russian Sanctions!

Sanctions across the globe continue to hit different nations, as the fight on Financial Crime aims to safeguard business around the world.

Organisations have this week hit the one-year mark of sanctions following Russia’s invasion of Ukraine on the 24th of February 2022. Last year, the Western world quickly responded to the outcry from the war and put a stop to Russian Banks, High-Net-Worth individuals and entities being able to trade in the US and EU.

In a further effort to stop Russia, the European Union are this week preparing to launch a new round of Economic Sanctions.

As reported by Rikard Jozwiak from the RFERL, “The centerpiece of this sanctions package, seen by RFE/RL, is export bans on EU goods worth 11.3 billion euros ($12 billion), using EU-Russia trade volumes from 2021. A whole list of products, stretching to nearly 70 pages, will be banned from going to Russia.”

He continues: “There is also an import ban on some Russian goods, mostly various types of rubber and asphalt, coming into the EU, to the tune of 1 billion euros.”

The sanctions package will take focus on the Russian military. Individuals and companies will also be hit with sanctions and asset freezes, as the fight on the Ukrainian front continues on for another day.

https://www.rferl.org/a/wider-europe-jozwiak-eu-sanctions-russia-banks-osce/32279022.html

For further information on the Financial Crime Market and / or Compliance Recruitment, please get in touch:

Taylor Catton – Compliance & Sanctions Specialist Recruiter

taylor@theriskpartners.com


The Risk Partners are a boutique Governance specialist recruiter, with Compliance & Risk Management at the heart of its activities. We live in a world where Governance steers the world through often challenging times. Our aim is to work with clients to ensure that you find the right people for your business. Please get in touch to discuss how we can help you.

Why Recruit your next vacancy through The Risk Partners?

Why Recruit your next vacancy through The Risk Partners?

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