The OverRuled: Sanctions Module has been updated with the following actions:
- 14 Nov 2024 - American Life Insurance Company - USD $178,421
Between February 22, 2022 and August 14, 2024, American Life Insurance Company issued group medical and life insurance policies, collected premiums, and paid claims to several schools and entities located in the United Arab Emirates and owned or controlled by the Government of Iran.
The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 11 Nov 2024 (UK):
The Office of Financial Sanctions Implementation ("OFSI") updated the UK"s Financial Sanctions FAQs ("FAQs") to clarify whether equities that are transferred from the Russian National Settlement Depository ("NSD") to local registrars, pursuant to Presidential Decree 840, should continue to be treated as frozen assets by relevant institutions.
The OverRuled: China Trade Controls Resource Center has been updated with the following actions:
- 15 Nov 2024 (China - Measures and Countermeasures):
The Ministry of Commerce, the Ministry of Industry and Information Technology, the General Administration of Customs, and the State Cryptography Administration jointly published the List of Dual-Use Items Subject to Export Control, pursuant to the new Regulations on the Export Control of Dual-Use Items. Both the new Dual-Use Items List and the regulations will take effect on December 1, 2024. The new control list adopts a CCL-like regime and provides definitions of terms that were not defined under the previous HTS regime.
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