Sanctions

AML / KYC

Countries Must ‘Redouble Efforts’ to Fight Financial Crime: FATF

By Manesh Samtani | 19/04/2022

The FATF finds that countries have made “huge progress” in improving technical compliance, but many still face substantial challenges in taking effective action.

AML / KYC

APAC Banks Need to Increase Vigilance to TBML Risks

By Editors | 19/04/2022

Panellists at a recent Regulation Asia webinar discussed the need for greater vigilance to TBML risks and how workflow enhancements can improve outcomes.

AML / KYC

US Treasury Sanctions Lazarus Entities Over ‘Ronin Bridge’ Hack

By Editors | 19/04/2022

OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.

AML / KYC

CNOOC to Exit Western Markets Over Sanctions Risk, Red Tape

By Editors | 18/04/2022

“We cannot predict if the company or its affiliates and partners will be affected by US sanctions in future,” CNOOC said after reviewing its global portfolio ahead of a Shanghai IPO.

AML / KYC

GCFFC Task Force to Drive Sanctions Compliance in Crypto

By Editors | 17/04/2022

The founding members of the task force are Chainalysis, Elliptic, GDF and Safello, who will together work to support sanctions compliance in the crypto industry.

AML / KYC

Man Jailed for Attempting to Help DPRK Evade Sanctions with Crypto

By Editors | 14/04/2022

The DOJ says known hacker Virgil Griffith was developing crypto infrastructure in North Korea and attempting to broker introductions to service providers to facilitate sanctions evasion.

AML / KYC

Crypto Firms and Sanctions: Five Tools for Compliance

By Manesh Samtani | 12/04/2022

Sanctions screening starts with effective KYC, says Refinitiv’s Neil Vaz, pointing to five “universal tools” crypto firms need to ensure compliance.

AML / KYC

EU Approves Russian Coal Ban, Australia Adds Sanctions

By Manesh Samtani | 08/04/2022

The EU approved bans on Russian coal imports, high-tech exports, port access, and more banks. Australia has sanctioned 67 more individuals.

AML / KYC

US, German Authorities Target World’s Largest Darknet Market

By Manesh Samtani | 07/04/2022

OFAC has sanctioned Russia-based website Hydra Market and crypto exchange Garantex for facilitating transactions for ransomware actors.