Sanctions

AML / KYC

US Court Dismisses Remaining Charges Against Huawei CFO

By Editors | 05/12/2022

The charges against Meng Wanzhou were dismissed as part of her September 2021 deferred prosecution agreement.

AML / KYC

G7 Powers Set to Implement Oil Price Cap on Russian Crude

By Editors | 04/12/2022

EU ban on seaborne crude oil imports from Russia to take effect. G7 oil price cap will only insurers to cover vessels carrying Russian crude sold under USD 60.

Sanctions

EU Proposes to Use Russian Assets to Rebuild Ukraine

By Editors | 04/12/2022

Frozen Russian assets would be actively managed to generate a “stable and fair net return” to help fund reconstruction efforts in Ukraine.

AML / KYC

UK Sanctions 22 Russian Officials for Conscription Efforts

By Editors | 04/12/2022

The sanctions target officials who have promoted and enforced the conscription of citizens to fight in Russia’s “illegal war in Ukraine”.

AML / KYC

FATF Re-rates China on Two More Recommendations

By Editors | 30/11/2022

China was re-rated for progress made in the implementation of PF-related targeted financial sanctions and on beneficial ownership transparency.

AML / KYC

EU to Gain Legal Authority to Punish Sanctions Circumvention

By Editors | 30/11/2022

The move will make it easier for EU authorities to take action against anyone who helps Russia avoid its sanctions.

AML / KYC

OFAC Fines Crypto Firm Kraken for Iran Sanctions Violations

By Editors | 30/11/2022

Kraken was facing a maximum fine of over $272mn. The $362,000 settlement reflects OFAC’s determination the violations were “non-egregious and voluntarily self-disclosed”.

Press Release

Refinitiv Awarded Best Screening Solution for PEPs, Sanctions

By Editors | 22/11/2022

Refinitiv, was recognised for best solution in PEPs, sanctions & name screening at Regulation Asia’s 5th annual awards ceremony.

Press Release

Japan FSA Recognised for Outstanding Work as AML Regulator

By Editors | 22/11/2022

Financial Services Agency Japan, was recognised as Regulator Project of the Year for its efforts to enhance Japan’s AML/CFT regime.