Sanctions

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    Sanctions

    Canada Issues Draft Amendments to AML/CFT Regulations

    By Editors | 15/07/2024

    The proposed amendments will require firms to report sanctioned property and suspected sanctions evasion offences, among other changes.

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    Enforcement

    Japan Makes First Arrest for Russia Export Control Violation

    By Editors | 15/07/2024

    A Russian national operating a trading company in Osaka was arrested for illegally exporting restricted goods to Russia via South Korea.

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    Sanctions

    Expert Calls for International Sanctions on Myanmar Central Bank

    By Editors | 15/07/2024

    Sean Turnell says sanctioning the CBM would effectively embargo Myanmar’s entire banking system and limit the SAC’s ability to oppress the Myanmar people.

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    Sanctions

    Czech Republic Convicts Local Resident for Sanctions Violation

    By Editors | 15/07/2024

    A Czech national of Russian origin tried to export three luxury cars to Russia, which has been prohibited since March 2022.

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    Sanctions

    US Sanctions Iranian Chemical Weapons Research Company

    By Editors | 15/07/2024

    This is the first time the Biden administration has imposed sanctions against Iran’s chemical weapons programme.

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    AML / KYC

    Crypto Firm BitMEX Pleads Guilty to US Criminal Charge

    By Editors | 15/07/2024

    BitMEX said its founders were already sentenced for BSA charge in 2022 and that it has since fully remediated its deficiencies and will seek an expedited sentencing hearing.

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    Crypto / Digital Assets

    Lithuania Fines Crypto Firm Payeer for Sanctions, AML Breaches

    By Editors | 14/07/2024

    Lithuanian authorities said Payeer offered services to Russian customers and allowed them to carry out transactions with sanctioned banks.

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    Sanctions

    FinCEN Issues New Alert on Financing of West Bank Violence

    By Editors | 12/07/2024

    The alert provides additional red flag indicators. New sanctions on three individuals and five entities also announced.

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    Sanctions

    New Zealand Announces New Russia-related Sanctions

    By Editors | 12/07/2024

    The sanctions target Russian weapons manufacturers, as well as the supply of Iranian drones and North Korean weapons to Russia.

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    Sanctions

    US: Two Men Plead Guilty to Russia Export Control Violations

    By Editors | 11/07/2024

    The two men shipped US-manufactured dual-use electronics to Turkey, Hong Kong, India, China, and UAE before they were rerouted to Russia.

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