The pace of change to the global financial sanctions landscape picked up dramatically during the course of 2018. Global (re)insurers, brokers and policyholders now face an increasingly complex lattice of measures imposed by the UN, U.S., EU, UK and other countries. These measures often have different scope, jurisdictional reach and can directly conflict with one
Venezuela is in a period of un-doubted economic crisis. With inflation running at over 60%, a continuing recession and a credit rating of CCC, these are challenging times. The presidential elections have been slated for September 2015. It remains to be seen whether these will actually go ahead – so uncertain is the political climate.