Sanctions

AML / KYC

EU Oil Embargo Opens Possibilities for Further Sanctions – Report

By Editors | 09/05/2022

The US could enforce secondary sanctions against designated Russian entities and individuals, which would threaten anyone transacting with Russia.

AML / KYC

US, UK Include Professional Services in New Russia Sanctions

By Manesh Samtani | 09/05/2022

New OFAC designations; US and UK bans on Russian access to professional services; New trade restrictions, vessel designations

AML / KYC

UK Gov Removes Key Sanctions List Format Without Notice

By Manesh Samtani | 08/05/2022

The XML version of the FCDO sanctions list was removed last week. XML is the key format used by large organisations to automate sanctions compliance.

AML / KYC

Central African Republic Adopts Bitcoin as Legal Tender

By Editors | 06/05/2022

The adoption of Bitcoin as legal tender is expected to make transactions in CAR easier, but the move is seen as part of a power struggle between Russia and France.

AML / KYC

NYDFS Issues Guidance Recommending Use of Blockchain Analytics

By Editors | 05/05/2022

The guidance emphasises the importance of blockchain analytics in conducting due diligence, transaction monitoring and sanctions screening.

AML / KYC

European Commission Proposes Complete Ban on Russian Oil

By Editors | 05/05/2022

Three more Russian banks will be removed from SWIFT, three broadcasters will be blocked, and more military officers and individuals will be sanctioned.

AML / KYC

EU Set to Propose Sixth Sanctions Package Against Russia

By Manesh Samtani | 04/05/2022

The new measures include a possible phased-in embargo on buying Russian oil and EU sanctions against Sberbank, with Germany’s backing.

AML / KYC

Korean Police Arrest Woori Employee for Embezzlement

By Editors | 03/05/2022

The theft occurred in three separate withdrawals between 2012 and 2018. It went undetected despite 11 inspections and audits at Woori during the period.

AML / KYC

Chinese Regulators Consider Options to Guard Against Sanctions

By Editors | 02/05/2022

Officials from the PBOC, MOF and CSRC reportedly met with foreign and domestic banks to discuss ways to protect China’s foreign assets from possible future US sanctions.