Sanctions Center on LinkedIn: #japansanctions #sanctionsupdate #sanctionscompliance #indiantech… (2024)

📣 Notice of OFAC Sanctions ActionsOn June 14, 2024, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) updated the Specially Designated Nationals and Blocked Persons List (SDN List). 🛈👨🏻💼 Stanislav Shevchuk, associated with the Russian Imperial Movement, had his identifying information revised under Executive Order 13224. His property and interests in U.S. jurisdiction are blocked due to his connection with terrorism-related activities. ❌ OFAC prohibits U.S. transactions with him. Original source 👉: https://lnkd.in/gGp8z4Uj#USsanctions #sanctionsupdate #sanctionscompliance #OFAC #Sanctions #SDNList

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📣 Notice of OFAC Sanctions ActionsOn June 14, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned individuals linked to the Islamic State of Iraq and the Levant (ISIL). 🆕 OFAC added Muhammadyusuf Alisher Ogli Mirzoev, Muhammad Ibrohimjon Niyazov, and Olimkhon Makhmudjon Ugli Ismailov to the Specially Designated Nationals and Blocked Persons (SDN) List. ✅ These individuals are blocked under Executive Order 13224, which targets those supporting terrorism. Consequently, all their U.S. property is frozen, and U.S. persons are generally prohibited from transacting with them.Original source 👉: https://lnkd.in/gRRUbkfu#USsanctions #sanctionsupdate #sanctionscompliance #OFAC #ISIL #SDNList

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📣 Notice of OFAC Sanctions ActionsOn June 18, 2024, the U.S. Treasury's Office of Foreign Assets Control (OFAC) updated its Specially Designated Nationals and Blocked Persons (SDN) List. The update blocks property and prohibits U.S. transactions with several individuals and entities involved in destabilizing activities in the Western Balkans. Designated individuals include Djordje Djuric and Milenko Cicic, linked to Igor Dodik. Key affected entities are Infinity Media d.o.o. and Prointer ITSS d.o.o. These measures aim to restrict financial and operational support for destabilizing actions. Original source 👉: https://lnkd.in/g2s5deKe#USsanctions #sanctionsupdate #sanctionscompliance #OFAC #GlobalSanctions #BlockedPersons #SDNList

📣 Kaspersky Entities Added to U.S. Entity List for National Security ConcernsOn June 24, 2024, the Department of Commerce's Bureau of Industry and Security (BIS) added three Kaspersky entities to the Entity List: AO Kaspersky Lab and OOO Kaspersky Group in Russia, and Kaspersky Labs Limited in the United Kingdom. 📝 These additions are based on their cooperation with Russian military and intelligence, posing risks to U.S. national security. A license is now required for all items subject to the Export Administration Regulations (EAR) when dealing with these entities, reviewed under a presumption of denial. ✅ This action is pursuant to §744.11 of the EAR.Original source 👉: https://lnkd.in/gdfyyiWE#USexportcontrols #exportcontrols #exportcontrolsupdate #Kaspersky #EntityList #BIS #ExportRegulations #EAR

📣 Final Determination Prohibits Kaspersky Lab from Providing Cybersecurity Software in the U.S.On June 24, 2024, the Department of Commerce's Bureau of Industry and Security (BIS) issued a Final Determination in Case No. ICTS-2021-002, prohibiting Kaspersky Lab, Inc. from providing cybersecurity and anti-virus software in the U.S. 📜 This action, based on E.O. 13873, finds Kaspersky’s transactions pose unacceptable risks to U.S. national security. The determination applies to Kaspersky's affiliates, subsidiaries, and any third-party entities integrating Kaspersky software into commercial products. ✅ This decision follows extensive review and rejection of Kaspersky’s mitigation proposals.Original source 👉: https://lnkd.in/gbi3vp3P#USexportcontrols #exportcontrols #exportcontrolsupdate#KasperskyLab #Cybersecurity #E013873 #ICTS #BIS

📣 Treasury / OFAC Proposes Rules to Regulate U.S. Investments in Sensitive Technologies in Countries of Concern On June 21, 2024, the U.S. Treasury issued a Notice of Proposed Rulemaking (NPRM) to enforce Executive Order 14105. This order addresses U.S. investments in national security technologies in "countries of concern," particularly China, Hong Kong, and Macau. 📜 The proposed regulations prohibit certain U.S. transactions involving semiconductors, quantum technologies, and AI with these nations and mandate notification for others. 📩 Treasury invites public comments on these proposals by August 4, 2024, via regulations.gov, before finalizing the regulations.Original source 👉: https://lnkd.in/g2ygwC43#USsanctions #sanctionsupdate #sanctionscompliance#TechnologyRegulation #Semiconductors #QuantumTechnology #OFAC #NPRM

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📣 Treasury / OFAC Sanctions Kaspersky Lab Leadership Over Cybersecurity Risks📅 On June 21, 2024, the U.S. Treasury’s OFAC sanctioned 12 senior leaders of Kaspersky Lab under E.O. 14024 for their roles in the Russian technology sector. This follows the Commerce Department's ban on Kaspersky’s operations in the U.S., citing national security risks due to the company's ties to Russian intelligence. 🚫 The sanctions block all U.S. property and interests of the designated individuals. The Treasury’s action highlights ongoing concerns about the security risks posed by Kaspersky's cybersecurity products and services.Original source 👉: https://lnkd.in/g7JBsBAD#USsanctions #sanctionsupdate #sanctionscompliance#Kaspersky #Cybersecurity #Sanctions #OFAC #EO14024

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📣 U.S. Bans Kaspersky Software Over National Security Concerns📜 On June 20, 2024, the U.S. Department of Commerce's Bureau of Industry and Security (BIS) issued a Final Determination banning Kaspersky Lab, Inc. from providing anti-virus software and cybersecurity services in the United States, citing national security risks posed by the company's ties to the Russian government. This includes prohibiting sales and updates of Kaspersky products to U.S. customers and entities. ✅ The decision follows a thorough investigation highlighting concerns over data security and potential exploitation by Russian authorities. Kaspersky has until September 29, 2024, to continue some operations to aid in customer transitions. Previous U.S. actions against Kaspersky date back to 2017.Original source 👉: https://lnkd.in/d3HBW6eK#USsanctions #sanctionsupdate #sanctionscompliance #Kaspersky#BIS #Russiasanctions

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📣 UK Issues General Licence for Payments to FCA Under Sanctions RegulationsOn June 20, 2024, HM Treasury issued General Licence INT/2024/4836676, permitting payments to the Financial Conduct Authority (FCA) by individuals and entities designated under various UK Autonomous Sanctions Regulations. 📜 This licence allows UK Designated Persons (DPs) to make specific payments to the FCA, including regulatory fees and levies, while prohibiting transactions related to permissions or applications. Payments can be made directly by DPs or through third parties, and relevant UK institutions may process these payments. ✅ Compliance includes detailed reporting to the Office of Financial Sanctions Implementation (OFSI) and maintaining records for six years.Original source 👉: https://lnkd.in/g5RAEeBs#UKsanctions #sanctionsupdate #sanctionscompliance #FinancialRegulations #GeneralLicence #FCA #UKDPs #OFSI

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