Sanctions

Sanctions

US Treasury Proposes to Expand Jurisdictional Reach of CFIUS

By Editors | 09/07/2024

The proposed rule adds 56 military installations to the list of installations around which CFIUS has jurisdiction.

Sanctions

Russia, Iran Integrate National Payment Systems

By Editors | 08/07/2024

Work to link Russia’s MIR network and Iran’s Shetab has been finalised. Agreement also signed on use of national currencies.

AML / KYC

Nordea Charged for Laundering $3.8b for Russian Clients

By Editors | 08/07/2024

Danish authorities said Nordea did not adequately investigate transactions by Russian clients and ignored other warnings.

Sanctions

US Working on Plan to Target Russian ‘Shadow Fleet’ Vessels

By Editors | 08/07/2024

The US is reportedly looking to impose specific penalties on Russian shadow fleet tankers but the effort has stalled.

Sanctions

Iran’s New President Seeks Lifting of Sanctions

By Editors | 08/07/2024

New President Masoud Pezeshkian has indicated Iran would seek greater engagement with the US and a revival of the JCPOA.

Sanctions

Russia Urges Crypto Use for Cross-border Payments

By Editors | 04/07/2024

CBR governor Elvira Nabiullina said Russia has softened its stance on the use of cryptocurrencies in international payments.

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.

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.

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.