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SANCTIONS
Sanctions
US to Designate International Drug Cartels as Terrorist Organisations
By Editors | 25/01/2025
The US State Department will decide which cartels to designate. Three of Biden’s sanctions-related executive actions were rescinded.
Enforcement
Another US Court Rules Tornado Cash Sanctions Were Unlawful
By Editors | 23/01/2025
Court ruled that Tornado Cash smart contracts could not be classified as property IEEPA. A similar ruling was issued by a different court in November 2024.
Enforcement
OFAC Fines Machine Tools Manufacturer for Violating Russia Sanctions
By Editors | 21/01/2025
OFAC said firms should ensure they implement effective measures to prevent both direct and indirect access to their goods and services by blocked persons
Sanctions
Russia, Iran Sign ‘Comprehensive Strategic Partnership Treaty’
By Editors | 20/01/2025
The agreement envisions the exchange of intelligence information and cooperation on security issues between Russia and Iran
Enforcement
OFAC Fines Real Estate Company for Sanctions Evasion Scheme
By Editors | 20/01/2025
OFAC said FIs that deal with gatekeepers should conduct sufficient due diligence to ensure they are not acting as proxies for sanctioned parties
Crypto / Digital Assets
Illicit Activity in Crypto is Decreasing, TRM Labs Finds
By Thisanka Siripala | 20/01/2025
Illicit activity in crypto decreased in 2024 as a proportion of total transactions, but ransomware, fraud, and sanctions related threats continue to persist
Sanctions
OFAC Unveils Final Set of Sanctions Under Biden Presidency
By Editors | 19/01/2025
The latest sanctions announcements were made over the Sudan conflict, North Korean IT workers, Houthi financing and Chinese cyber attacks.
Sanctions
US Bolsters Export Controls Ahead of Presidential Transition
By Manesh Samtani | 19/01/2025
The export controls target advanced chips, laboratory instruments, and automotive hardware and software from China. 26 firms added to Entity List.
Sanctions
US Announces Final Russia Sanctions of Biden Administration
By Editors | 18/01/2025
The US re-designated almost 100 entities so it has the power to impose secondary sanctions on foreign persons, including foreign FIs, that do business with them
Crypto / Digital Assets
US, Japan, S Korea Issue Joint Warning Over DRPK Crypto Thefts
By Thisanka Siripala | 17/01/2025
North Korea’s cyber programme threatens the integrity and stability of the international financial system, the joint statement says
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