Sanctions

Crypto / Digital Assets

Japan Set to Relax Rules for Crypto Token Listings – Report

By Sanday Chongo Kabange | 23/10/2022

Crypto tokens will reportedly be able to list within 30 days. Currently, the screening process for a new listing takes around six months to a year.

AML / KYC

US Sanctions, Files Criminal Charges Against Russians

By Editors | 21/10/2022

The sanctions target a procurement network supplying technology to Russia. The indictment explains that crypto was used to facilitate the payments.

AML / KYC

EU to Sanction Iran Over Drone Sales to Russia

By Editors | 20/10/2022

The EU has just imposed sanctions over the way protests in Iran are being handled. The drone transfers to Russia are considered a violation of a UNSC resolution.

AML / KYC

Canada, Switzerland Sanction More Russians, EU Considers 9th Package

By Manesh Samtani | 19/10/2022

The next round of EU sanctions could include limits on LPG imports, more restrictions against Russian banks, and a ban on the sale of European real estate to Russians.

AML / KYC

Japan Cabinet Passes Bill to Strengthen AML System

By Editors | 18/10/2022

Crypto exchanges will be obliged to share information on users and screen customers against sanctions lists.

AML / KYC

HSBC Suspends Investment Services for Russian Clients in Hong Kong

By Editors | 18/10/2022

HSBC has reportedly sent a letter to most of its Russian retail clients in Hong Kong saying it is unable to provide them investment services because of sanctions imposed by the EU.

AML / KYC

US Treasury Facing 2nd Lawsuit Over Tornado Cash Sanctions

By Editors | 14/10/2022

Think tank Coin Center argues that the Tornado Cash sanctions harm US citizens and their ability to transact privately using the Ethereum network.

Sanctions

US Blocks Export of Computing Chips to China

By Editors | 12/10/2022

The export controls are aimed at preventing the transfer of advanced technology to China’s military, intelligence and security services.

AML / KYC

US Treasury Penalises Crypto Exchange Bittrex $29mn

By Editors | 12/10/2022

OFAC and FinCEN took joint action for sanctions screening failures and violations of AML and SAR reporting requirements.