New Updates for 12-Dec-2024

2024-12-12

Reading Time : 1 min

The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:

  • 05 Dec 2024 (UK):

    The Office of Financial Sanctions Implementation (“OFSI”) revoked four General Licences ("GLs"):

    • INT/2024/4836676 – Payments to the FCA;
    • INT/2023/3626884 – Payments to Companies House;
    • INT/2023/3781228 – Payments to Local Authorities; and
    • INT/2024/4881897 – Payments to Revenue Authorities.

The OverRuled: China Trade Controls Resource Center has been updated with the following actions:

  • 10 Dec 2024 (OFAC):

    ​OFAC sanctioned cybersecurity company Sichuan Silence Information Technology Company, Limited, and one of its employees, Guan Tianfeng, both based in the PRC, pursuant to EO 13694, for their involvement in the April 2020 compromise of tens of thousands of firewalls worldwide. The purpose of the exploit was to use the compromised firewalls to steal data, including usernames and passwords. Many of the victims were U.S. critical infrastructure companies.

Please send an email to subscriptions@overruled.com if you would like information on how to subscribe to access additional detail about these and other sanctions- and export controls-related actions. If you are already a paid subscriber, please login to OverRuled for access to exclusive content, analysis, and historic search functionality.

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