Sanctions

AML / KYC

US, EU Authorities Shut Down Russian Crypto Exchange Garantex

By Manesh Samtani | 09/03/2025

The takedown operation came after the EU sanctioned Garantex, prompting Tether to block wallets on the platform holding more than $26mn.

Enforcement

US Charges Chinese Nationals for Involvement in Cyberattacks

By Nithya Subramanian | 09/03/2025

Among the 12 Chinese nationals indicted are two government officers working for the Ministry of Public Security.

AML / KYC

EBA Consults on Technical Standards for AML Framework

By Nithya Subramanian | 07/03/2025

The proposed standards cover criteria for direct supervision, risk assessment methodology, CDD requirements, and enforcement measures.

Sanctions

US Targets Houthis with New Sanctions, FTO Redesignation

By Nithya Subramanian | 06/03/2025

OFAC sanctioned seven high-ranking Houthi members a day after re-designating the group as a Foreign Terrorist Organisation.

Crypto / Digital Assets

OFAC Sanctions Iranian Administrator of Shuttered Darknet Marketplace

By Manesh Samtani | 05/03/2025

Behrouz Parsarad was designated for contributing to the international proliferation of narcotics via his darknet marketplace, which was dismantled in 2024.

Sanctions

China Sanctions 25 US Companies in Response to Trump Tariffs

By Manesh Samtani | 05/03/2025

15 companies added to export control list and 10 companies to “Unreliable Entity” list. Import levies on US agricultural and food products also increased.

Sanctions

OFAC Withdraws Licence Authorising Chevron’s Venezuela Operations

By Editors | 04/03/2025

A new general licence gives Chevon just 30 days to wind down operations instead of the six-month period normally allowed.

AML / KYC

FATF Seeking Input on Techniques for Mitigating PF Risk

By Manesh Samtani | 04/03/2025

The FATF aims to publish a report providing a comprehensive understanding of complex sanctions evasion schemes relevant to proliferation financing.

Enforcement

Singapore Charges Three for False Representation in Chip Smuggling Case

By Nithya Subramanian | 04/03/2025

The charges come after US officials started a probe last month to determine whether DeepSeek sourced advanced Nvidia chips through third parties in Singapore.