Law firm ArentFox Schiff has named Megan Gajewski Barnhill as a partner within its international trade and investment practice, effective immediately. Based in Washington, DC, she will help companies navigate regulatory matters, including US export controls, economic sanctions, anti-boycott regulations and obligations under the Foreign Agents Registration Act. Barnhill’s economic sanctions practice covers primary and ...| Global Trade Review (GTR)
The UK’s top crime and sanctions enforcement agencies have warned banks to be on the lookout for efforts by a Russian oil trading network to access trade finance. The National Crime Agency (NCA) and the Office of Financial Sanctions Implementation (OFSI) say in a “red alert” published on July 2 that sanctioned entities are using ...| Global Trade Review (GTR)
The EU has vowed to squeeze the Kremlin’s energy revenues further, imposing fresh sanctions on its network of ageing ships and proposing a lower a price cap on Russian oil.| Global Trade Review (GTR)
US financial crime authorities have warned that Iranian entities are using front companies in Hong Kong and the UAE to ship sanctioned oil to China and launder the proceeds through the international financial system. In an advisory issued on June 6, the Financial Crimes Enforcement Network (FinCEN) says Iran exports around 1.6 million barrels of ...| Global Trade Review (GTR)
The European Commission has finalised reforms requiring all vessels to provide proof of insurance when passing through EU waters, part of a crackdown on a growing fleet of high-risk, ageing tankers. The so-called shadow fleet, a vast number of vessels used to ship fuel without the involvement of western banks and insurers, has grown considerably…| Global Trade Review (GTR)
