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Sanctions compliance expectations across the insurance sector have evolved significantly in recent years, particularly following the expansion of Russia-related sanctions regimes across the United States, the European Union and the United Kingdom. While insurers have increasingly aligned their compliance frameworks with banking-sector standards, reinsurance presents a distinct and often less visible set of challenges.
You can now listen to the audio version of our weekly sanctions updates here. Monday, May 25 There was no major development on this day. Tuesday, May 26 The EU Council adopted Decision (CFSP) 2026/1149, amending Decision (CFSP) 2024/1484 concerning restrictive measures in view of the situation in Russia. The decision does two things: first, it renews the existing measures for a further year until May 28, 2027; and second, it updates the identifying information and statements
You can now listen to the audio version of our weekly sanctions updates here. Monday, May 18 The EU Council renewed the EU’s sanctions regime targeting individuals and entities linked to the former al-Assad regime in Syria until June 1, 2027 (Here and press release) OFAC announced a $275 million settlement with Adani Enterprises Limited (AEL), an Indian company, over apparent violations of U.S. Iran sanctions. Between November 2023 and June 2025, AEL allegedly imported 35 shi
You can now listen to the audio version of our weekly sanctions updates here. Monday, May 11 The EU Council adopted Council Decision (CFSP) 2026/1072 and imposed asset freezing sanctions on 16 persons and seven entities responsible for the systematic unlawful deportation and forcible transfer of Ukrainian children to the Russian Federation and within temporarily occupied territories. (Here, and press release) The EU Council, in a non-substantive move, extended its sanctions r
