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Sanctions
Sanctions
US Senators Raise Concerns Over Iran’s Crypto Mining
By Editors | 03/05/2024
A letter from two US senators asks government officials about the steps being taken to address Iranian crypto mining and sanctions evasion.
Enforcement
Russian Court Cancels Part of JPMorgan Freeze Order
By Editors | 03/05/2024
The majority of JPMorgan’s funds in Russia cannot be seized as they are held in so-called “type C” accounts.
Sanctions
OFAC Sanctions New Targets for Helping Hizballah Money Exchanger
By Editors | 02/05/2024
Five individuals and two entities were sanctioned for helping a previously-designated money exchanger to evade sanctions, OFAC said.
Sanctions
US Sanctions Over 280 Targets for Supporting Russia
By Editors | 01/05/2024
The targets include companies in Azerbaijan, Belgium, China, Hong Kong, Russia, Slovakia, Turkey, the UAE, and Russia.
AML / KYC
US Court Sentences Binance Founder to Four Months Jail
By Editors | 01/05/2024
The sentence was below the three years requested by prosecutors and the 18 month maximum recommended under federal guidelines.
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.
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