Sanctions

Sanctions

US President Signs National Security Package Into Law

By Editors | 25/04/2024

Among other things, the package broadens sanctions on Iran, allows confiscation of Russian assets, and requires TikTok to separate from ByteDance.

Sanctions

Russian Court Orders Seizure of JPMorgan Assets

By Editors | 25/04/2024

State-owned VTB Bank filed the lawsuit in an attempt to recover USD 439.5 million in funds that were frozen by JPMorgan due to sanctions.

Sanctions

Pakistan, Iran Agree to ‘Expeditiously’ Finalise Trade Agreement

By Editors | 25/04/2024

Pakistan and Iran aim to increase bilateral trade, cooperate on energy, and complete a gas pipeline project. The US has warned Pakistan of the risk of sanctions.

AML / KYC

EU Parliament Adopts AMLD6 and Related Regulations

By Mark Johnston | 25/04/2024

The legislation now awaits formal adoption by the European Council before being published in the EU’s Official Journal.

Enforcement

US DOJ Proposes 36-Month Prison Sentence for Binance Founder

By Mark Johnston | 25/04/2024

The DOJ said the sentence must be significant to effectively punish Changpeng Zhao and to deter others who are tempted to break US laws.

Sanctions

Venezuela’s PDVSA to Hasten Move to USDT to Mitigate Sanctions

By Editors | 24/04/2024

USDT issuer Tether said in response that it respects the SDN list and will block payments made to sanctioned entities.

Sanctions

OFAC Unveils New Sanctions Against Iranian Cyber Actors

By Editors | 24/04/2024

Two entities and four individuals were sanctioned for the roles in targeting US entities with ransomware, spear phishing and malware attacks.

Sanctions

JPMorgan Sues Russia’s VTB Over Blocked Funds – Report

By Editors | 23/04/2024

JPMorgan said VTB Bank has filed a lawsuit in Russia that may enable it to seize the US bank’s assets abroad.

Sanctions

Data is Key to Making Sanctions Work – RUSI Report

By Editors | 23/04/2024

Banks would be able to better identify red flags and stop illicit transactions if certain fields in SWIFT such as HS trade codes were made mandatory.