Sanctions

AML / KYC

US OCC Imposes Restrictions on Wells Fargo for AML Deficiencies

By Editors | 17/09/2024

The OCC requires Wells Fargo to address deficiencies and seek prior written approval before launching new products or services or entering new geographies.

Sanctions

EU Seeking Greater Certainty on Russia Sanctions Renewal Process

By Editors | 16/09/2024

The current process requires a unanimous vote from all EU member states every 6 months to renew the sanctions on Russia.

Sanctions

Australia Sanctions Five Iranians Over “Violent Repression” of Protests

By Editors | 16/09/2024

The sanctions mark the second anniversary of the death of Mahsa Jina Amini, who was arrested for “improperly” wearing her hijab and died in custody.

Sanctions

US Issues New Sanctions Targeting Russian Influence Operations

By Editors | 16/09/2024

The new sanctions target media group Rossiya Segodnya and others connected to Russian state media RT and its “malign influence efforts”.

Enforcement

UK Set to Launch Office of Trade Sanctions Implementation

By Editors | 16/09/2024

The office will be responsible for the civil enforcement of certain trade sanctions as they relate to UK services and overseas trade with a UK nexus.

Sanctions

US Imposes Sanctions on Venezuelan Officials Over “Electoral Fraud”

By Editors | 13/09/2024

The sanctions target 16 Venezuelan officials aligned with Nicolas Maduro for obstructing fair elections and violating the rights of the Venezuelan people.

Sanctions

UK Issues Sanctions on Ten Russian ‘Shadow Fleet’ Vessels

By Editors | 13/09/2024

This is the third time the UK has used its sanctions powers to target individual vessels that undermine sanctions and facilitate Russia’s oil trade.

Sanctions

Russian President Threatens to Restrict Exports of Key Commodities

By Editors | 13/09/2024

Russian officials are reportedly exploring export restrictions on uranium, titanium, nickel, natural gas, diamonds and gold.

AML / KYC

OFAC Sanctions Cambodian Tycoon for Scam Centre Operations

By Manesh Samtani | 13/09/2024

Billionaire Ly Yong Phat was sanctioned for his role in human trafficking and human rights abuses tied to scam centre operations he controls in Cambodia.