SANCTIONS

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    Sanctions

    US Commerce Dept Expands Export Controls Against Iran

    By Editors | 24/07/2024

    The expansion of export controls seeks to address concerns regarding Iran’s potential use of US technology in weapons systems.

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    Sanctions

    Japan Imposes First Sanctions Against Israelis in West Bank

    By Editors | 24/07/2024

    Japan designated four Israeli settlers involved in violent acts against Palestinians as targets for asset freezing measures.

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    Sanctions

    OFAC Issues New Form for Reporting Russian Sovereign Assets

    By Editors | 24/07/2024

    The form is part of implementing a law passed in April to enable the confiscation of Russian sovereign assets frozen in the US.

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    Sanctions

    OFAC Issues Guidance on Extended Statute of Limitations

    By Editors | 22/07/2024

    OFAC plans to extend record-keeping requirements from five to ten years, to match the new statute of limitations period.

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    Sanctions

    UK Publishes Briefing on Third Countries Helping Russia

    By Manesh Samtani | 22/07/2024

    The briefing names Belarus, Iran, North Korea and China as the main countries providing military support to Russia.

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    Sanctions

    UK Imposes Sanctions on 11 Russian ‘Shadow Fleet’ Vessels

    By Editors | 21/07/2024

    The measures are part of a joint “Call to Action” with European countries to disrupt the ‘shadow fleet’ of vessels Russia uses to circumvent oil sanctions.

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    Sanctions

    OFAC Sanctions Two Members of the ‘Cyber Army of Russia’

    By Editors | 21/07/2024

    Two Russian nationals separately pleaded guilty to participating in LockBit ransomware attacks, the DOJ announced separately.

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    AML / KYC

    Thai Banks Urged to Tighten Scrutiny of Myanmar Transactions

    By Editors | 20/07/2024

    Thai Foreign Minister told parliament that the government will meet with banks regarding their due diligence processes for Myanmar transactions.

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    Sanctions

    OFAC Announces More Sanctions Targeting Houthi Funding

    By Editors | 20/07/2024

    The targets include individuals and companies based in Indonesia, Malaysia, Singapore, China, and the UAE, along with five vessels.

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    Sanctions

    China, Russia Exploring New Ways to Address Payment Problems

    By Editors | 19/07/2024

    A Chinese official said financial institutions from the two countries are exploring the possibility of cooperating using the Mir payment system.

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