Sanctions

Enforcement

US DOJ Secures Guilty Plea in Export Control Evasion Case

By Editors | 30/04/2024

The defendant allegedly tried to procure dual-use electronic components for entities in Russia involved in the development and manufacture of drones.

Sanctions

Chinese Firms Turning to Illegal Channels for Russia Business

By Editors | 30/04/2024

With China’s big banks no longer processing Russia-related payments, exporters are increasingly turning to underground channels including cryptocurrency.

Sanctions

China Cautions Japan Against Expanding Export Controls

By Editors | 30/04/2024

MOFCOM said Japan’s proposal to expand its controls on certain semiconductor products will damage the stability of global supply chains.

Sanctions

OFAC Extends Authorisation for Russia-related Energy Transactions

By Editors | 29/04/2024

The general licence authorises energy-related transactions with nine Russian banks and the central bank. It was scheduled to expire on 1 May 2024.

Sanctions

Russia Places Two EU Companies Under Gazprom Management

By Editors | 28/04/2024

Italy’s Ariston and Germany’s BSH Hausgeraete were placed under the management of JSC Gazprom Household Systems.

AML / KYC

US DOJ Charges Founders of Crypto Mixer “Samourai Wallet”

By Editors | 27/04/2024

Over around ten years, Samourai Wallet was used to launder over $100mn in crime proceeds, earning the founders at least $4mn in fees.

Sanctions

France Proposes New Sanctions to Target Russian Disinformation

By Editors | 27/04/2024

The sanctions would target the disinformation on social media, the use of AI-generated deep fakes, the creation of fake websites, and election interference.

Sanctions

Japan Proposes to Tighten Export Control Regulations

By Editors | 27/04/2024

Companies would be required to report transfers of technology in areas where Japan has an advantage over other countries, and seek approval for such exports.

Sanctions

US, UK, Canada Announces More Sanctions for Iran’s Airstrike

By Editors | 26/04/2024

The US targeted 16 entities, eight individuals, five vessels and one aircraft. The UK and Canada also sanctioned targets involved in Iran’s drone and missile industries.