Sanctions

Sanctions

Russia’s State Duma Ratifies Defence Treaty with North Korea

By Editors | 27/10/2024

The ratification comes as the US confirmed South Korean intelligence that thousands of North Korean troops have been deployed to Russia for training.

AML / KYC

FATF Plenary Adds Four Countries, Removes One from Grey List

By Manesh Samtani | 27/10/2024

The FATF also revised its national ML risk assessment guidance, agreed to consult on revisions to support financial inclusion, and launched three new projects.

Sanctions

BRICS Nations Agree to Continue Working on Cross-Border Payments

By Manesh Samtani | 27/10/2024

Russia has proposed an alternative platform for international payments, but few practical steps have been taken so far towards implementation.

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.