Sanctions

Canada Imposes Additional Sanctions Targeting Hamas

26/06/2024

The sanctions target nine individuals and two entities that facilitated, supported, and provided funding for the Hamas attacks on Israel last October.

Sanctions

OFAC Targets Iranian ‘Shadow Banking’ Network With Sanctions

26/06/2024

The sanctions target 25 companies based in Hong Kong, 13 in UAE, five in Iran, and one each in Türkiye and Marshall Islands.

Crypto / Digital Assets

France, Luxembourg Publish Results of Bond Tokenisation Project

26/06/2024

Project Venus highlighted the potential for wCBDC and DLTs to improve access, security, and efficiency of digital capital markets.

AML / KYC

Vietnam to Require Biometric Authentication for Money Transfers

26/06/2024

The new regulation also prohibits individuals from buying, selling, renting, leasing, or borrowing transaction accounts.

Sanctions

EU Imposes New Cyber Sanctions Against Six Russian Actors

25/06/2024

The sanctions target two ‘Callisto group’ members, two ‘Armageddon hacker group’ members, and two others involved in deploying ‘Conti’ and ‘Trickbot’ malware.

US Teasury Proposes Rules to Curb Investment in Chinese Tech

25/06/2024

The proposed rules prohibit US investment in certain technologies and products, and require notification for certain other transactions.

Crypto / Digital Assets

EU Council Formally Adopts 14th Russia Sanctions Package

25/06/2024

The measures target Russia’s LNG sector, sanctions circumvention, the finance sector, Russian disinformation, dual-use goods, and 27 “shadow fleet” vessels.

Capital / Liquidity

US Regulators Identify Shortcomings in Bank Resolution Plans

25/06/2024

BofA, Goldman, JPMorgan and Citi are required to address the identified shortcomings in their next resolution plans, due by 1 July 2025.

Enforcement

UAE Extradites Former CEO to Thailand to Face Fraud Charges

25/06/2024

The former CEO of Stark Corporation was extradited to Thailand after being on the run for around eight months.