SANCTIONS

Sanctions

DOJ Can Prosecute State-Owned Turkish Bank, Court Rules

By Editors | 25/10/2024

Halkbank was accused in 2019 of helping Iran to evade US sanctions, but the possibility of legal immunity surrounding the case has been ongoing until now.

Sanctions

US Finalised $20b Portion of G7 Loan for Ukraine

By Editors | 24/10/2024

The rest of the $50bn loan will be provided by other G7 allies. Earnings from frozen Russian assets will be used for repayments.

Sanctions

FinCEN Issues New Alert on Countering Hezbollah Activities

By Editors | 24/10/2024

The alert builds on a May advisory on Iran-backed terrorist groups and sets out indicators to assist FIs in identifying and reporting activity involving Hezbollah.

Sanctions

Chinese Drone-maker Files Suit Seeking Removal from US Blacklist

By Editors | 21/10/2024

DJI says its designation as a “Chinese military company” is wrong and has caused the company significant financial harm.

Sanctions

Switzerland Adopts More Measures from EU’s 14th Russia Package

By Editors | 21/10/2024

Switzerland will not adopt the EU text that requires companies to prevent circumvention via their subsidiaries “to the best of their ability”.

AML / KYC

FATF Due to Consider Adding Russia to Blacklist – Reports

By Editors | 21/10/2024

Ukraine is calling on the FATF to blacklist Russia, citing its close financial and military cooperation with UN-sanctioned North Korea and Iran.

Sanctions

OFAC Issues Sanctions Over China-Russia Drone Project

By Editors | 21/10/2024

These are the first sanctions imposed on China-based entities for “directly developing and producing complete weapons systems in partnership with Russian firms”.

Sanctions

China Issues New Export Control Regulations for Dual-use Items

By Editors | 20/10/2024

The regulations establish a licensing system for the export of dual use items and create a list of restricted goods.

Sanctions

OFAC Sanctions More Entities, Vessels Linked to Houthi Financing

By Editors | 20/10/2024

The sanctions target vessels that illicitly transport Iranian oil and companies and captains that managed and operated the vessels, including two Indian nationals.