NECC Red Alert 07 December 2023

On 06 December 2023, UK authorities published a 'Red Alert' notice on Exporting High Risk Goods. The alert warns businesses that Russia is attempting to circumvent sanctions to purchase restricted goods and services, through intermediary countries.

Please see below a summary and link to the Red Alert notice.

NECC Red Alert – Exporting High Risk Goods

The purpose of this Alert is to provide information to businesses on common techniques suspected to be in use to evade sanctions on the export of high-risk goods, which Russia is using on the battlefield in Ukraine. The primary audience for this alert is the financial sector, including banks, credit card operators, foreign exchange dealers and non-bank payment service providers. It may also be relevant to business sectors outside the regulated sector for anti-money laundering, in particular customs brokers, freight forwarders and other transportation and logistics providers.

The Red Alert notice can be found here.

A link to the Red Alert notice has also been added to the Sanctions Evasion section on the sanctions page on the Government of Jersey website.