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SANCTIONS
Sanctions
EU, UK Target Iran Shipping, Aviation With New Sanctions
By Manesh Samtani | 20/11/2024
The sanctions aim to curb Iran’s ability to facilitate drone, missile, and military technology transfers to aid Russia in its war in Ukraine.
Enforcement
US Agencies Probe AML Policies and Systems at Citi – Reports
By Editors | 20/11/2024
The probe centres on Citigroup’s work for Heritage Trust, which holds assets owned by a sanctioned Russian billionaire.
Sanctions
OFAC Sanctions Israeli Group Over West Bank Violence
By Editors | 20/11/2024
Amana is the largest entity targeted with US sanctions for violence in the occupied West Bank by Israeli settlers.
Sanctions
Australian Court Upholds Sanctions Ruling in Alumina Dispute
By Editors | 18/11/2024
The judgment suggests that a sanctioned person can have a shareholding of far less than 50% in a company for it to be considered sanctioned.
Sanctions
OFAC Targets Syrian Group Funding Iran’s Quds Force, Houthis
By Editors | 18/11/2024
OFAC sanctions target 13 vessels and companies in Lebanon, Panama, Iran, and the Marshall Islands that own or manage the vessels.
Sanctions
OFAC Penalises MetLife Subsidiary for Violating Iran Sanctions
By Editors | 18/11/2024
The insurer issued group medical and life insurance policies, collected premiums, and paid claims to schools and entities in the UAE and owned by Iran’s government.
Sanctions
EU Parliament Calls for Tougher Sanctions on Russian ‘Ghost Fleet’
By Editors | 18/11/2024
The sanctions will target “all individual vessels as well as their owners, operators, managers, accounts, banks and insurance companies”.
AML / KYC
OFAC Probes UBS for Russia Risk from Credit Suisse Takeover
By Editors | 13/11/2024
OFAC is reportedly seeking information from UBS about the Russian clients the bank took on when it bought Credit Suisse in March 2023.
Sanctions
Russia, Iran Implement First Phase of Payment System Linkage
By Editors | 13/11/2024
Travellers from Iran can now use riyal balances on their Shetab debit cards at ATMs in Russia to withdraw rubles.
Capital / Liquidity
ECB May Impose Capital Charge on Banks With Excess Russia Exposure
By Editors | 11/11/2024
The ECB is considering adjusting capital requirements for Raiffeisen Bank International and UniCredit to account for Russia-related risks.
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