Sanctions

AML / KYC

Russia Bars Asset Sales by Investors from Unfriendly Nations

By Editors | 09/08/2022

A presidential decree prevents investors from so-called unfriendly countries from selling their stakes in banks, strategic entities, and other projects.

AML / KYC

FSB Gives Full Support to Wide LEI Use in Global Payments

By Clare Rowley | 09/08/2022

The FSB’s recommendation that the LEI should be used more widely in payments will catalyze increased global LEI adoption, says GLEIF’s Clare Rowley.

AML / KYC

China Sanctions Pelosi, Halts US Cooperation on Crime, Climate

By Editors | 08/08/2022

China sanctioned US House Speaker Nancy Pelosi and her immediate family over her visit to Taiwan, and will suspend cooperation with the US in a number of areas.

Enforcement

OFAC Investigating Kraken for Alleged Sanctions Violations

By Editors | 07/08/2022

Kraken is suspected of allowing Iranian users to utilise Kraken’s services, in violation of federal sanctions.

AML / KYC

Switzerland Aligns with EU in Latest Russia Sanctions

By Editors | 05/08/2022

The Swiss government is imposing a ban on buying, importing or transporting gold and gold products from Russia. Sberbank is also banned.

AML / KYC

China Responds to US ‘Treachery’ With Taiwan Trade Curbs

By Editors | 04/08/2022

China has banned imports of citrus fruit, two types of fish, and food items from 107 Taiwanese brands. Exports of natural sand to Taiwan are banned.

AML / KYC

Moscow Exchange Commences Trading in First Yuan Bonds

By Editors | 03/08/2022

Yuan-denominated bonds will open up an additional source of FX liquidity for Russian borrowers, who have been cut off from the dollar, euro and other foreign currencies.

AML / KYC

US Imposes New Round of Sanctions Against Russia

By Editors | 03/08/2022

The sanctions target Kremlin-connected elites, including retired Olympic gymnast Alina Kabaeva, who is understood to be Putin’s girlfriend.

AML / KYC

UK, EU Introduce Additional Sanctions Against Russia

By Manesh Samtani | 28/07/2022

The UK announced 42 new designations. The EU extended its sanctions and added 54 more individual and 10 more entity designations.