OFAC adds “secondary sanctions risk” to Russia listings

11 July 2024

OFAC adds “secondary sanctions risk” to Russia listingsMDart10_Shutterstock

OFAC has added the language "Secondary sanctions risk: See Section 11 of Executive Order 14024” to thousands of Russia sanctions listings. Foreign financial institutions risk being designated for facilitating transactions involving any DP subject...

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor...