Sanctions

Sanctions

Russia Proposes Jail for Disclosure of Sanctions Circumvention Methods

By Editors | 27/01/2025

The draft law reportedly points to websites that disseminate leaked customs data and information in the media about logistics schemes for delivering sanctioned goods.

Sanctions

Russian Court Orders Raiffeisen to Pay €2b in Damages

By Editors | 26/01/2025

Russian lawmakers also working on legislation that will enable outright confiscation of assets belonging to any individual or company from an “unfriendly” country

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 Three of Biden’s sanctions-related executive actions were rescinded.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.