Sanctions

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.

Sanctions

UK Sanctions Another 22 Russian Shadow Fleet Vessels

By Editors | 18/10/2024

The UK also sanctioned Russian gas company Rusgazdobycha JSC, to ratchet up pressure on the Russian gas industry.

Enforcement

OFAC Fines Beverage Company for Violating DPRK Sanctions

By Editors | 18/10/2024

Vietnam Beverage Company Limited subsidiaries sold beer and spirits to North Korea, with the payments processed through US correspondent banks.

Sanctions

OFAC Sanctions Hezbollah Finance Network and Drug Traffickers

By Editors | 17/10/2024

Three individuals linked to Hezbollah’s finance team were sanctioned, along with three others involved in captagon production and trafficking.

Sanctions

11 Countries Establish Team to Monitor DPRK Sanctions Enforcement

By Manesh Samtani | 17/10/2024

The new Multilateral Sanctions Monitoring Team will take up the work of a UN expert panel that was dissolved by a Russian veto earlier this year.

Sanctions

Western Banks Processed Payments for Russian Warlord – Reports

By Editors | 30/09/2024

C4ADS says Yevgeny Prigozhin was able to establish a transnational criminal empire in Africa in part by hijacking the payments systems of western banks.