Sanctions

AML / KYC

US to Seek New UN Sanctions if DPRK Tests Nuclear Weapon

By Editors | 03/06/2022

The US tried to impose new UN sanctions on North Korea last week but the resolution was vetoed by China and Russia.

AML / KYC

US Issues New Russia Sanctions, EU Approves 6th Package

By Editors | 02/06/2022

The US is targeting more Russian government and business officials and technology. The EU approved an embargo on seaborne oil imports.

AML / KYC

EU Leaders Agree to Ban 90pc of Russian Oil by Year-end

By Manesh Samtani | 01/06/2022

The EU’s sixth package of sanctions will also include the removal of three more banks from the SWIFT network and asset freezes against more Russian individuals.

AML / KYC

US Treasury Puts Russia on Path to Sovereign Default

By Manesh Samtani | 27/05/2022

The US Treasury Department allowed its sanctions exemption for Russian payments to US bondholders to expire.

AML / KYC

US Federal Court Declares Crypto Subject to Sanctions Laws

By Mark Johnston | 20/05/2022

A newly unsealed federal court opinion supports the DOJ’s first criminal prosecution involving the use of crypto for sanctions evasion.

AML / KYC

US Warns Against Inadvertent Hiring of DPRK IT Workers

By Editors | 19/05/2022

North Korean IT workers may try to obtain employment building crypto exchange platforms and then use the infrastructure to launder money and evade sanctions.

AML / KYC

US Warns Foreign Banks Against Facilitating Sanctions Evasion

By Editors | 18/05/2022

Foreign banks could fall under US sanctions if they provide material support to a person or entity sanctioned by the US.

Big Picture

Bank Culture Regarded as Critical Governance Priority: Report

By Manesh Samtani | 16/05/2022

Financial regulators are prioritising psychological safety, ‘speak up’ culture, and the ability to “predict and prevent” stakeholder harm, says a report from Starling.

AML / KYC

US Considers Sanctions Against China’s Hikvision: Reports

By Mark Johnston | 10/05/2022

The possible inclusion of Hikvision on the SDN List would have far-reaching consequences because its equipment is used -in more than 180 countries.