Sanctions

Fintech / Regtech

PITCH! REGTECH: Drawing the Line Between RegTech and Frustrated Customers 

By Karen Ng | 25/05/2023

As they embark on the RegTech race, banks cannot ignore frustrated customers.

Sanctions

EU Considers Ways to Use Frozen Russian Assets to Aid Ukraine

By Mark Johnston | 24/05/2023

EU officials are considering sending the interest generated from cash frozen at Euroclear and Clearstream to Ukraine.

Sanctions

G7 Allies Impose Expansive New Russia-related Sanctions

By Manesh Samtani | 22/05/2023

The US issued more than 300 new designations. The UK, Canada, and Japan also announced new sanctions.

Sanctions

Price Cap Policy for Russian Oil is Working: US Treasury Report

By Editors | 20/05/2023

Oil revenues now account for 23 percent of the total Russian budget, compared to 30-35 percent before the war in Ukraine.

Sanctions

Australia Announces Expanded Sanctions Against Russia

By Editors | 19/05/2023

Entities affected include Russian state-owned atomic energy corporation Rosatom, and the country’s largest petroleum and gold companies.

Sanctions

Top EU Official Concerned by Russian Oil Flowing into Europe

By Editors | 18/05/2023

India is buying heavily discounted crude oil from Russia and selling full-priced refined products into Europe. Josep Borrell said the EU must act.

Enforcement

US DOJ to Ramp Up Scrutiny of Crypto Platforms – Report

By Mark Johnston | 18/05/2023

The DOJ will pursue target crypto exchanges, mixers and tumblers that are enabling criminal actors to profit from their crimes.

Sanctions

Shipping Groups Seeking “Sanctions-proof” Contracts with China

By Editors | 17/05/2023

Shipping groups are reportedly seeking to insert clauses in their contracts that would allow them to cancel deals with Chinese counterparts due to sanctions.

Enforcement

OFAC Sanctions Key Actor in Russian Ransomware Ecosystem

By Editors | 16/05/2023

The Russian national helped to develop and deploy ransomware variants Hive, LockBit, and Babuk. A $10mn award is offered for information that leads to his arrest.