ADVERTISEMENT
Sanctions
Enforcement
US Man Arrested for Facilitating DPRK Remote IT Worker Fraud
By Editors | 10/08/2024
DOJ said Matthew Isaac Knoot enabled North Korean IT workers to work for US and UK companies from locations in China, and laundered money for them.
Sanctions
Russia, China Working on Regulations to Facilitate Barter Trade – Reports
By Editors | 10/08/2024
New regulatory arrangements being put in place are expected to enable barter deals between Russia and China involving agriculture “as soon as this autumn”.
AML / KYC
US, Germany Take Down Illicit Crypto Platform Cryptonator
By Editors | 08/08/2024
Cryptonator facilitated transactions worth USD 1.4 billion, including those linked to sanctioned entities and criminal marketplaces.
Sanctions
Myanmar Punishes Exporters for Failure to Convert FX to Kyat
By Editors | 05/08/2024
Over 100 companies have had their export licences revoked. Their owners face potential jail time and asset confiscation.
Sanctions
EBA Proposes New Reporting Requirements for Payments Firms
By Editors | 04/08/2024
PSPs would have to report on the share of instant transfers, both domestic and cross-border, that were rejected due to the application of sanctions.
Sanctions
OFAC Sanctions More Houthi Procurement Facilitators
By Editors | 02/08/2024
The sanctions target “key actors” located in China, Hong Kong, and Yemen who have “directly supported” the Houthis’ weapons procurement efforts.
Sanctions
China Adjust Export Controls for Drones and Related Tech
By Editors | 02/08/2024
The measures explicitly ban the export of all civilian drones that are intended for “non-peaceful purposes” such as terrorist and military activities.
Crypto / Digital Assets
Russia Advances Bill to Enable Cross-border Payments in Crypto
By Editors | 01/08/2024
The law is expected to take effect on 1 September, formally allowing the use of crypto in payments for international trade transactions.
Sanctions
Austria’s Raiffeisen Working to Sell 60pc of Russian Unit
By Editors | 31/07/2024
Raiffeisen is trying to coordinate with Russian, European and US authorities to sell a 60% stake in its Russian unit.
Sanctions
OFAC Targets Iran Weapons Programmes With New Sanctions
By Editors | 31/07/2024
The sanctions cover two procurement networks that help Iran obtain components for weapons systems, including Hong Kong and China-based targets.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team