Experience
Insights
Resources
Contacts

The hasty implementation and ever-expanding scope of many country-specific sanctions regimes continue to raise a myriad of urgent issues for corporates and financial institutions.

This includes understanding the sanctions' jurisdictional scope and impact, including matters such as the effect of asset freezing measures, part-ownership by sanctioned persons, licensing issues, the interpretation of sectoral sanctions and the force majeure, frustration and termination issues affecting contracts with sanctioned counterparties.

We have been heavily involved in advising both financial sector and corporate clients with operations in sanctioned jurisdictions on these and related issues, and in making licence applications to relevant authorities.

Our world-class corporate crime team spans over 25 offices across the globe, advising on both the financial and trade sanctions imposed by key agencies and on sanctions compliance programmes.

We can help you with a full range of advice in respect of UN, EU, UK, Australian, Russian and US regimes involving, amongst others, the sanctions imposed in relation to Iran, Syria, Libya, Russia/Ukraine, Cuba, Iraq, Ivory Coast, Sudan, Myanmar and Zimbabwe.

Experience

A number of banks

Advising a number of banks on sanctions compliance policies and procedures and their approach to screening in light of FCA expectations and the JMLSG guidance, and assisting with preparing for supervisory and thematic visits

EU subsidiary of a Russian financial services company

Advising in relation to possible exposure under EU sanctions laws in connection with entry into the Iranian market

A global oil and gas company

Advising in relation to possible routes to challenge EU and US sanctions

A global energy major

Advising on Iranian sanctions issues in respect of a major offshore JV subject to specific derogations from US and EU sanctions regimes

A syndicate of lenders

Advising on sanctions issues arising in connection with the project financing of one of the biggest energy infrastructure projects in the world across EU and non-EU jurisdictions

A FTSE 100 company

Advising in relation to the preparation and updating of sanctions summaries on a jurisdiction-by-jurisdiction basis by way of guidance for staff, covering the UK, EU and US regimes

Related insights

Alert: In response to renewed shipping attacks, OFAC revokes Iran General License X and issues wind-down General License X1
Blog post

Alert: In response to renewed shipping attacks, OFAC revokes Iran General License X and issues wind-down General License X1

On July 7, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) revoked Iran General License X (GL X) and issued Iran General License X1 (GL X1), titled Revocation and Wind Down of June 21, 2026 Authorization for the Production, Delivery and Sale of Crude Oil, Petrochemical Products, and Petroleum Products of Iranian Origin. GL X1 became effective immediately and provides that GL X is revoked and superseded in its entirety.

OFAC targets CJNG-linked fuel smuggling and tax evasion network and FinCEN issues supplemental alert

OFAC Expands Sanctions on Prince Group Tied to Global Scam Operations

Implications of the US Supreme Court’s tariffs ruling
View all insights

Resources

Sanctions Notes
FSR and Corporate Crime Notes
Banking Litigation Notes

Stay in the know

Receive timely insights and briefings from HSF Kramer, tailored to keep you informed and ahead

Subscribe now

Key contacts

Susannah Cogman photo

Susannah Cogman

Partner, London

View profile
Jonathan Cross photo

Jonathan Cross

Partner, New York

View profile
Kyle Wombolt photo

Kyle Wombolt

Partner, Head of White Collar Crime and Government Investigations, Hong Kong

View profile
Lode Van Den Hende photo

Lode Van Den Hende

Consultant, Brussels and London

View profile
Meet the whole team