JERSEY/UK SANCTION UPDATE - a detailed update on UK sanctions news for September and October 2024 [up to the 2ND]:

September 2024

1. September 12, 2024 - New Enforcement Powers:
1. The UK government introduced the Trade, Aircraft and Shipping Sanctions (Civil Enforcement) Regulations 2024.
2. This legislation grants new enforcement powers to the Office of Trade Sanctions Implementation (OTSI), enhancing its ability to enforce trade sanctions
3. (https://www.jdsupra.com/legalnews/new-enforcement-powers-for-uk-trade-4261176/) (https://www.jdsupra.com/legalnews/uk-launches-new-office-of-trade-8224722/).
2. September 12, 2024 - OFSI Advisory on North Korean IT Workers:

1. 1. The Office of Financial Sanctions Implementation (OFSI) issued an advisory warning businesses about the risks associated with North Korean IT workers.
   2. The advisory highlights red flags that could indicate illicit activities and emphasizes the need for vigilance to comply with UK and UN sanctions
   3. (https://www.gov.uk/government/organisations/office-of-financial-sanctions-implementation ).

    3. September 20, 2024 - Fine for Breach of Russia Sanctions:

1. 1. The U.K. fined property management company Integral Concierge Services Limited 15,000 British pounds, for helping a client designated under the U.K.’s Russia sanctions regime manage a residential property.
   2. The company was accused of being “unaware” of its sanctions compliance obligations and making “no attempt to educate itself on its legal obligations” after its client was sanctioned.
   3. (https://exportcompliancedaily.com/article/2024/09/30/uk-fines-property-management-firm-for-breach-of-russia-sanctions-2409270048)

October 2024

1. On October 2, 2024 - Sanctions on Russian Cyber Crime Gang:

1. 1. the UK imposed sanctions on a Russian cybercrime gang accused of attacking NATO.
   2. This move highlights the UK's stance against cyberattacks originating from Russia.
   3. (https://www.jdsupra.com/legalnews/new-enforcement-powers-for-uk-trade-4261176/).

These updates reflect the UK's proactive approach to maintaining and enforcing its sanctions regime.  

Source:  

(1) New Enforcement Powers for UK Trade Sanctions Regulators. https://www.jdsupra.com/legalnews/new-enforcement-powers-for-uk-trade-4261176/.

(2) UK Launches New Office of Trade Sanctions Implementation for Civil Enforcement of Trade Sanctions. https://www.jdsupra.com/legalnews/uk-launches-new-office-of-trade-8224722/.

(3) Office of Financial Sanctions Implementation - GOV.UK. https://www.gov.uk/government/organisations/office-of-financial-sanctions-implementation.

(4) UK Fines Property Management Firm for Breach of Russia Sanctions. https://exportcompliancedaily.com/article/2024/09/30/uk-fines-property-management-firm-for-breach-of-russia-sanctions-2409270048.