Taking the Pulse of Major Sanctions Lists
Looking back on 2022

LexisNexis® Risk Solutions regularly analyzes sanctions data from coreregulators – the United Nations (UN), European Union (EU), Office ofForeign Assets Control (OFAC), and the Office of Financial Sanctions
Implementation (OFSI – UK) – to identify trends and changes in policy.
The beginning of 2022 saw sanctions activity increase at an unprecedented scaleand speed due to the ongoing situation in Ukraine. Although activity has slowed
since its peak in February and March, regulators and agencies have continued tointroduce and update sanctions lists at significantly higher levels than inprevious years.

Key Takeaways
Number of updates to theUN, EU, OFAC, OFSI (UK) lists

2022

Net designations added

329+5,674

211+517193 H1 136 H2

2021+3,854 H1 +1,820 H2

Number of List Updates per Agency 2022

504540

Number of updates

35
30
25
20
15
10
50JanFebMar

AprMayUN

JunJulAug

OFAC

SepOctEU

Nov

Dec

OFSI

2022 Overall Changes
73

658209
265

92425

Total

Total

91

Total

2,932

1,532

Total

3,040

3,5861,99660

1,935UN

2,566

EU

OFAC

Added

Modified

OFSI

RemovedHighlights■ Quantifying “unprecendented” sanctions activity:●●Intense pace of list updates:● 329 list updates● 56% increase in the number of list updates vs. 2021
Massive inflation of the sanctions lists:● 5,674 net additions across the four lists (6,039 added; 365 removed)● 997.5% increase in net designations vs. 2021

■ The overwhelming weight of the Russia/Ukraine conflict:

41.6% of all list updates● More than 80% of new designations●■ Other emergencies continued to trigger sanctions designations:●●Country● North Korea – intensifying ballistic & nuclear-related activities● Iran – repression of protests; assistance to Russia by providing unmanned ariel vehicles● Syria – recruiting mercenaries supporting Russia● Haiti – new sanctions program at the UN Level. U.S. had the target
designated under GLOMAG for 2 years.
Country● Continued sanctions activity for tackling terrorist groups globally● Global human rights & anti-corruption sanctions

A Closer Look by Agency

22Activity:
91 designations
added, modified
or removed

throughupdates...

UN-19
resulting in

net change of designations

UN Updates: Scale & Nature of Changes
Number of list updates

Designations changes
600

5400

4300

3200

2100

100JanFeb

Mar

AprAdded

MayJunJul

Modified

Aug

Sep

Oct

Removed

Nov

Dec

Updates

103

Activity:
2,932 designations
added, modified
or removed

throughupdates

EU+1,862
resulting in

net change of designations

EU Updates: Scale and Nature of Changes
Designations changes

Number of list updates
20

1200

18
1000

16800

1412600

10400

864200200JanFeb

Mar

AprMayAdded

JunJulModifiedAug

Sep

Oct

Nov

RemovedDec

Updates109
through

Activity:
3,040 designations
added, modified
or removed

updates...

+2,831
resulting in

OFAC

net change of designations

OFAC Updates: Scale and Nature of Changes
Designations changes

Number of list updates

141200121000

10800

8600

6400

4200

200
Jan

Feb

Mar

AprMayAdded

JunJulModified

Aug

Sep

Oct

Removed

Nov

Dec

Updates

95

Activity:
3,586 designations
added, modified
or removed…

through

updates...

OFSI
(UK)

+1,474
resulting in

net change of designations

OFSI Updates: Scale and Nature of Changes
Designations changes

Number of list updates

1200

2510002080015600
10400520000Jan

FebMar

Apr

Added

May

Jun

ModifiedJulAug

RemovedSepOctNov

Dec

Updates

Closing thoughts■ These figures highlight the degree to which the Russia/Ukraine conflict has dominated the sanctions

agenda. Over 2022, new sanctions designations were overwhelmingly triggered by Russia-related
sanctions programs: 42% of all list updates, and 80% of new designations to regulators lists.

■ At the same time, regulators have shown efforts to maintain other programs and addresspersistent international issues, such as terrorism or the situations in countries like North Korea,
Myanmar and others.

■ As the storm of Russia-related sanctions seemed to slow down toward the end of the year,

the magnitude of sanctions activity recorded throughout H1 2022 will be remembered bysanctions professionals.

■ More than ever it has become critically important for international companies to beprepared for such regulatory and operational challenges. Coping with the current sanctions
landscape takes sound investment in skilled people and specialized technology and data.
For a more detailed look at Sanctions activity in 2022, download our Sanctions Pulse e-book

The sanctions landscape is in constant flux. Being equipped with quality
watch list data is essential for sanctions compliance programs. Harness
the power of comprehesive, timely information with data fromLexisNexis® Risk Solutions.
Our data solutions bring you up-to-date lists from all major sanctioning
bodies, law enforcement agencies, media, and financial regulators worldwide
for a comprehensive source of regulatory and sanctions data.
Find out how LexisNexis® Risk Solutions can support your team’s complianceefforts. Contact us to learn more.

LexisNexis and the Knowledge Burst logo are registered trademarks of RELX Inc.
Copyright © 2023 LexisNexis Risk Solutions.

NXR15977-00-0423-EN-US