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Sanctions
Sanctions
OFAC Unveils Fresh Sanctions Against Iranian Shipping Network
By Editors | 16/08/2024
The sanctions target companies based in the Marshall Islands, the UAE, Malaysia and Hong Kong, along with several vessels, for helping to generate revenue for the Houthis.
Sanctions
Russian Central Bank Cancels Banking Licence of Amex Unit
By Manesh Samtani | 16/08/2024
American Express was given approval to liquidate its Russian business in May, two years after it suspended operations in the country.
Sanctions
US to Remove Chinese Laser Sensor Maker from Blacklist
By Editors | 14/08/2024
The Department of Defence has reportedly decided to remove Hesai Technology Co Ltd from its blacklist of Chinese military-affiliated companies.
Sanctions
USD, EUR Banknotes Being Shipped to Russia Despite Sanctions – Report
By Editors | 14/08/2024
Russia has managed to circumvent sanctions blocking cash imports by arranging transport from countries including the UAE and Turkey.
AML / KYC
Bulgarian Man Extradited to US Over Illegal Exports to Russia
By Editors | 14/08/2024
Milan Dimitrov conspired with two others to use a Bulgarian company to receive export-controlled items from the US and transship them to Russia.
AML / KYC
US Fed Imposes Conditions on Customers Bank for AML Deficiencies
By Manesh Samtani | 12/08/2024
The Fed cited risk management deficiencies relating to an instant payments platform used to enable crypto firms to make around-the-clock US dollar payments.
Sanctions
JPMorgan Requests Dismissal of NY Lawsuit Against Russia’s VTB
By Editors | 12/08/2024
JPMorgan said it is seeking to dismiss the lawsuit “against its will” because it faces uncertain risks if it violates an injunction issued by a Russian court.
Sanctions
US Lawmakers Call for Sanctions on Bangladeshi Officials
By Editors | 12/08/2024
Six lawmakers are calling for sanctions on two Bangladeshi officials who were responsible for the use of “disproportionate, unlawful force” to suppress protesters.
Crypto / Digital Assets
NY Fed Assesses Effectiveness of Tornado Cash Sanctions
By Editors | 11/08/2024
The study found that non-cooperation with the Tornado Cash sanctions was not monetarily driven, but instead motivated by “philosophical reasons”.
Sanctions
US, UK, Canada Announce Coordinated Sanctions Against Belarus
By Editors | 11/08/2024
The sanctions mark the four-year anniversary of the 2020 presidential election in Belarus, which was widely regarded as fraudulent.
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