SANCTIONS

Crypto / Digital Assets

US Orders Chinese-owned Crypto Miner to Sell Land

By Editors | 14/05/2024

Presidential order says MineOne Partners did not notify CFIUS before buying land next to an Air Force base.

AML / KYC

NZ Updates AML Guidance on Russia Sanctions

By Sanday Chongo Kabange | 14/05/2024

AML/CFT reporting entities that are duty holders under the Russia Sanctions Act must notify customers of asset freezes or blocked transactions.

Sanctions

Canada Imposes More Sanctions Over October Hamas Attacks

By Editors | 12/05/2024

The four sanctioned individuals were designated by the US in the weeks following Hamas’ attack on Israel.

Sanctions

New Zealand Asked to Expand Myanmar Sanctions

By Editors | 11/05/2024

Company records show that New Zealanders have ties to mining companies which benefit the military junta.

AML / KYC

Australia Publishes Sanctions Advisory for Crypto Exchanges

By Nithya Subramanian | 10/05/2024

Digital currency exchanges should take “reasonable precautions” and exercise due diligence to prevent sanctions evasion.

Sanctions

EU Ambassadors Agree on Use of Frozen Russian Assets

By Editors | 10/05/2024

90% of the interest generated from the frozen Russian state assets will be used for military aid for Ukraine.

AML / KYC

Malaysia Tells US Officials it Only Recognises UN Sanctions

By Editors | 10/05/2024

US officials have warned Malaysia about ship-to-ship transfers and Iranian money moving through its financial system.

Big Picture

Report Calls on US Congress to Review DRPK Sanctions

By Editors | 10/05/2024

The report warns that the enhanced partnership between Russia and North Korea could undermine the effectiveness of US policy.

Sanctions

OFAC Removes Sberbank Switzerland from Sanctions List

By Editors | 09/05/2024

Sberbank sold its Swiss subsidiary in September 2022 and the bank was then renamed to TradeXBank Ltd.