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Commerzbank pays USD 1.45 billion to settle U.S. allegations of sanctions, money-laundering violations

14 maart 2015

On 12 March 2015, it was announced that Commerzbank AG, a global financial institution headquartered in Frankfurt, Germany, and its U.S. branch, Commerzbank AG New York Branch (Commerz New York), have agreed to pay a total sum of USD 1.45 billion and enter into a three-year deferred prosecution agreement with the Justice Department for, inter alia, violations of the International Emergency Economic Powers Act (IEEPA), the Bank Secrecy Act (BSA). Commerzbank was charged with knowingly and willfully conspiring …

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EU extends Ukraine sanctions until September 2015

13 maart 2015

On 13 March 2015, the EU Council extended the application of the EU restrictive measures targeting action against Ukraine's sovereignty, territorial integrity and independence. The asset freeze and travel bans against 150 persons and 37 entities were prolonged for a further 6 months, that is until 15 September 2015.

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UN Security Council passes resolution creating South Sudan Sanctions Committee

5 maart 2015

On 3 March 2015, the United Nations Security Council unanimously adopted a resolution establishing a sanctions regime against South Sudan.

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Member States decide on new EU Court procedures

19 februari 2015

On 10 February 2015, EU Member States approved changes to the rules of procedure of the EU General Court. The proposed draft had been approved by ‘senior officials from EU governments’ on 11 December 2014.

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Additions to EU Ukrainian sanctions list come into force

19 februari 2015

The European Council has added 16 individuals and 9 entities to the sanctions list with regard to the situation in Ukraine. Among those listed in the new additions are Russia’s First Deputy Minister of Defence, Arkady Bakhin, Russia’s Deputy Minister of Defence, Anatoly Antonov, and the deputy chief of the general staff of the Russian armed forces, Andrei Kartapolov. The additions are made by Council Implementing Regulation (EU) 2015/240, implementing Council Regulation (EU) 269/2014.

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