Sanctions

AML / KYC

US Lawmaker Seeks Clarity on Tornado Cash Sanctions

By Editors | 28/08/2022

US Congressman Tom Emmer says the designations against Tornado Cash wallet addresses are a “divergence from previous OFAC precedent”.

AML / KYC

Germany to Form New Federal Authority for Financial Crime

By Editors | 26/08/2022

Germany currently has more than 300 supervisors, an issue highlighted by the FATF in its latest mutual evaluation report on the country.

Sanctions

MOEX Stops Accepting USD as Collateral in FX, Securities Markets

By Editors | 24/08/2022

Russian authorities have been actively looking to reduce domestic reliance on the currencies of so-called ‘unfriendly’ nations.

AML / KYC

India, Russia Continue to Explore Non-USD Trade Options

By Editors | 23/08/2022

Indian and Russian banks are discussing the use of customised trade accounts and an exchange rate mechanism that will enable trade settlement in rupees and rubles.

AML / KYC

US Concerned India is Routing Russian Oil to New York

By Editors | 22/08/2022

An Indian vessel picked up oil from a Russian tanker at sea, then brought it to an Indian port to be refined and shipped on to New York.

Sanctions

LME Bans Russian Nickel From UK Warehouse Facilities

By Editors | 18/08/2022

Higher duties on Russian metals imposed as part of a sanctions package have now been extended to nickel.

AML / KYC

China Sanctions Taiwanese Politicians Over Official US Visit

By Editors | 17/08/2022

China’s sanctions targets include Taiwan’s de facto ambassador to the US, five lawmakers and an activist.

AML / KYC

Moscow Reopens Bond Market to ‘Friendly’ Nations

By Manesh Samtani | 17/08/2022

Investors from “unfriendly” countries remain subject to capital controls banning them from selling or collecting payments on Russian securities.

AML / KYC

Three Associated with Tornado Cash Allegedly Arrested

By Manesh Samtani | 16/08/2022

Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.