SANCTIONS

    image

    Sanctions

    Chinese Banks Reducing CNY Trades on Moscow Exchange

    By Editors | 03/07/2024

    Yuan flows into Russia for oil sales to China are reportedly shifting from the exchange market to the OTC market.

    image

    Sanctions

    UniCredit Seeking Clarity on ECB’s Russia Exit Orders

    By Editors | 02/07/2024

    The ECB ordered UniCredit in May to further speed up its withdrawal from Russia. The bank is seeking legal clarity on its obligations.

    image

    AML / KYC

    US Sanctions Two Chinese Nationals for Assisting Sinaloa Cartel

    By Editors | 01/07/2024

    The sanctions include two China-based targets who helped launder illicit drug proceeds belonging to Mexico’s Sinaloa Cartel.

    image

    Sanctions

    US Sanctions 3 Entities, 11 Vessels Over Iran’s ‘Nuclear Escalations’

    By Editors | 01/07/2024

    US Secretary of State Antony Blinken said Iran’s plans to further expand its nuclear programme “have no credible peaceful purpose”.

    image

    Sanctions

    EU Imposes New Restrictive Measures Against Belarus

    By Editors | 01/07/2024

    The measures mirror several of the restrictive measures already in place against Russia to address circumvention.

    image

    Sanctions

    Canada Issues New Sanctions Over Settler Violence in West Bank

    By Editors | 28/06/2024

    Seven individuals and five entities were sanctioned for facilitating acts of violence by Israeli extremist settlers against Palestinians.

    image

    Sanctions

    Thai Banks Facilitating Procurement for Myanmar Military: UN Report

    By Nithya Subramanian | 28/06/2024

    A UN report identifies 16 banks in seven countries that have processed transactions linked to procurement for Myanmar’s military junta.

    image

    Sanctions

    Iraq’s Al-Huda Bank Cut Off from US Financial System

    By Editors | 27/06/2024

    FinCEN rule identifies Al-Huda Bank as a “foreign financial institution of primary money laundering concern”.

    image

    Enforcement

    OFAC Fines Italian Animation Company for Sanctions Violations

    By Editors | 27/06/2024

    Mondo TV made wire transfers via US financial institutions to an animation studio owned by the North Korean government.

    image

    Sanctions

    Canada Imposes Additional Sanctions Targeting Hamas

    By Editors | 26/06/2024

    The sanctions target nine individuals and two entities that facilitated, supported, and provided funding for the Hamas attacks on Israel last October.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team