Category: Featured Articles

Regulatory Watch News

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  OFSI has issued a General Licence to permit the wind down of transactions involving Zarubezhneft JSC

  OFSI

  October 8, 2026

  Following the designation of Zarubezhneft JSC by the Foreign, Commonwealth and Development Office (FCDO), OFSI has issued the Zarubezhneft JSC Wind Down General Licence (INT/2026/11080040).

  The General Licence permits the wind down or divestment of transactions involving Zarubezhneft JSC and entities it owns or controls directly or indirectly. It also permits activities reasonably necessary to complete that wind down or divestment.

  The General Licence takes effect from 8 October 2026 and expires at 23:59 on 21 November 2026. Those using the licence must comply with its conditions and record-keeping requirements.

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  Update to UK Sanctions List: Russia Regime

  UK Government

  October 8, 2026

  Today, Thursday 8 October, the UK Government has designated the following 23 entities and 3 individuals, and specified the following 12 vessels, under the Russia Sanctions Regime. Furthermore, 2 entities designated under the Russia Sanctions Regime have been varied. Designated Individuals:

  Name:	Unique ID:
  Ulan Arymbaevich BUKABAEV	RUS3757
  Alexander Jan Hendrik TATTERSALL	RUS3761
  Egor Andreevich ISAEV	RUS3780

   

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  233 arrested in environmental crime crackdown in Latin America and Caribbean

  Interpol

  October 8, 2026

  SAN SALVADOR, El Salvador – An international operation coordinated by INTERPOL has dismantled environmental crime networks across nine countries in Latin America and the Caribbean, leading to 233 arrests, the recovery of more than 1,000 animals and the identification of 60,000 hectares of illegally cleared forest. Operation Madre Tierra VIII (1 June to 31 July) involved Colombia, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Mexico, Nicaragua and Panama. Investigators found that illegal timber and wildlife trafficking networks were operating on an industrial scale along the corridor connecting Central and South America.