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Sanctions
Crypto / Digital Assets
South Korea Issues First Independent DPRK Sanctions
By Editors | 12/02/2023
The sanctions came hours after South Korea and the US released a joint cybersecurity advisory detailing the threat posed by North Korean ransomware actors.
Enforcement
US, UK Jointly Sanction Russian Ransomware Actors
By Editors | 12/02/2023
The first-of-its-kind joint action marks the first time suspected ransomware operators have been designated under the UK sanctions regime.
Sanctions
OFAC Issues Exemptions to Facilitate Syria Earthquake Relief Efforts
By Manesh Samtani | 09/02/2023
US sanctions in Syria will not stand in the way of life-saving efforts for the Syrian people, said deputy treasury secretary Wally Adeyemo.
Crypto / Digital Assets
US SEC Close to Settling Probe Against Crypto Firm Kraken
By Editors | 09/02/2023
Commissioner Hester Peirce says the SEC “has not done a good job” in providing regulatory clarity on crypto.
AML / KYC
SFC Fines Jinrui Futures for AML Compliance Failures
By Editors | 08/02/2023
Jinrui Futures is the 5th firm to be fined over the use of software that allowed Mainland investors to trade in Hong Kong without opening a local securities account.
Sanctions
OFAC Sanctions Eight Executives of Iranian Drone Maker
By Editors | 06/02/2023
The US has issued five rounds of designations of individuals and entities involved in transferring drones to Russia for use in Ukraine.
Sanctions
OFAC Targets Sanctions Evasion Network Supporting Russia
By Editors | 06/02/2023
Entities based in Singapore, Israel, Latvia, Cyprus, and Bulgaria were among those sanctioned for supporting sanctioned, state-owned Russian defence firms.
Sanctions
New Price Caps Targeting Russian Petroleum Products Take Effect
By Editors | 06/02/2023
A 55-day transitional period is provided for Russian petroleum products purchased and loaded onto vessels before 5 February and unloaded before 1 April 2023.
Enforcement
Barclays, UBS Face Scrutiny Over Ties to Sanctioned Russian
By Editors | 03/02/2023
The beneficial ownership of ten offshore trusts owned by Russian oligarch Roman Abramovich was changed shortly before he was sanctioned in the EU and UK.
Enforcement
South Korea Arrests Shipping Agent for DPRK Sanctions Violations
By Editors | 03/02/2023
The shipping agent was detained on charges relating to illegal shipments of diesel to North Korea conducted between October 2021 and January 2022.
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