Sanctions

Sanctions

G7 Leaders Issue Joint Sanctions Warning Against China

By Editors | 17/06/2024

The G7 vowed to take measures against actors in China that materially support Russia’s “war machine”, including FIs.

Sanctions

EU Sanctions Package Delayed Over Verification Rule

By Editors | 16/06/2024

Germany fears that its exporters could be impacted by requirements to verify that customers are not transshipping goods to Russia.

Sanctions

Indian Banks Calls on Government to Set Up “OFAC Cell”

By Editors | 16/06/2024

Bankers say an “OFAC cell” created within the DFS could help them minimise the risks of sanctions non-compliance.

Sanctions

US Sanctions Israeli Group for Blocking Humanitarian Aid

By Editors | 16/06/2024

Last month, the group’s members “looted and then set fire to two trucks” carrying humanitarian aid destined for Gaza.

Sanctions

US, Türkiye Issue Joint Sanctions on ISIS Supporters

By Editors | 15/06/2024

The US sanctions, coordinated with the Turkish government, target supporters of a human smuggling gang linked to ISIS.

Sanctions

Japan Considers Sanctions Against Chinese, Indian Firms

By Editors | 15/06/2024

Japan is considering imposing sanctions against entities in China, India, UAE, Uzbekistan, and Kazakhstan.

Sanctions

UK, Canada Announce New Russia Sanctions at G7 Summit

By Editors | 14/06/2024

The UK’s 50 targets include Moscow Exchange and five China-based entities. Canada’s sanctions target 11 individuals and 16 entities.

Sanctions

G7 to Raise $50bn for Ukraine Using Frozen Russian Assets

By Editors | 13/06/2024

A $50bn loan will be taken out and the interest will be paid using profits generated by frozen Russian assets.

Enforcement

US Court Jails Two Over Sanctions Evasion Scheme

By Editors | 13/06/2024

A Chinese national and US citizen were jailed for attempting to broker illicit oil sales between Iran and China and launder the proceeds.