Sanctions

AML / KYC

Iran Makes First Import Order Using Crypto – Report

By Editors | 10/08/2022

By end September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries, an Iranian official said.

AML / KYC

OFAC Sanctions Crypto Mixing Service Tornado Cash

By Manesh Samtani | 09/08/2022

The US Treasury Department says Tornado Cash has been used to launder over USD 7 billion worth of crypto since it was created in 2019.

AML / KYC

Russia Bars Asset Sales by Investors from Unfriendly Nations

By Editors | 09/08/2022

A presidential decree prevents investors from so-called unfriendly countries from selling their stakes in banks, strategic entities, and other projects.

AML / KYC

FSB Gives Full Support to Wide LEI Use in Global Payments

By Clare Rowley | 09/08/2022

The FSB’s recommendation that the LEI should be used more widely in payments will catalyze increased global LEI adoption, says GLEIF’s Clare Rowley.

AML / KYC

China Sanctions Pelosi, Halts US Cooperation on Crime, Climate

By Editors | 08/08/2022

China sanctioned US House Speaker Nancy Pelosi and her immediate family over her visit to Taiwan, and will suspend cooperation with the US in a number of areas.

Enforcement

OFAC Investigating Kraken for Alleged Sanctions Violations

By Editors | 07/08/2022

Kraken is suspected of allowing Iranian users to utilise Kraken’s services, in violation of federal sanctions.

AML / KYC

Switzerland Aligns with EU in Latest Russia Sanctions

By Editors | 05/08/2022

The Swiss government is imposing a ban on buying, importing or transporting gold and gold products from Russia. Sberbank is also banned.

AML / KYC

China Responds to US ‘Treachery’ With Taiwan Trade Curbs

By Editors | 04/08/2022

China has banned imports of citrus fruit, two types of fish, and food items from 107 Taiwanese brands. Exports of natural sand to Taiwan are banned.

AML / KYC

Moscow Exchange Commences Trading in First Yuan Bonds

By Editors | 03/08/2022

Yuan-denominated bonds will open up an additional source of FX liquidity for Russian borrowers, who have been cut off from the dollar, euro and other foreign currencies.