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SANCTIONS
Sanctions
UK Issues Updated Sanctions Guidance for Maritime Sector
By Editors | 29/02/2024
The guidance is intended for firms operating within UK territories or dealing with UK-affiliated entities.
Sanctions
Huawei Pay Stops Allowing UnionPay-linked Payments in Russia
By Editors | 29/02/2024
UnionPay cards linked to the Huawei Pay service are being refused in Russia due to US sanctions against the operator of the Mir payment system.
Sanctions
US, UK Issue New Iran Sanctions Over Red Sea Attacks
By Editors | 28/02/2024
The US actions include sanctions on two Hong Kong companies that own vessels which ship Iranian commodities.
Sanctions
Russia Closer to Allow Digital Assets in International Settlements
By Editors | 28/02/2024
Approval of draft legislation by Russian lawmakers comes amid threats that the US would sanction third-country FIs that facilitate trade with Russia.
Sanctions
Ukraine Calls on FATF to Take Stronger Action on Russia
By Editors | 26/02/2024
Russia has been procuring missiles from Iran and North Korea for use against Ukraine in violation of UN sanctions, the Ukrainian Finance Ministry said.
Sanctions
Sanctions Against Chinese Firms are “Unlawful” – MOFCOM
By Editors | 26/02/2024
China’s Ministry of Commerce said the sanctions will have a negative impact on economic and trade relations with the EU and UK.
Sanctions
Russia is Procuring Tank Parts Made in Japan, Taiwan via China
By Editors | 25/02/2024
A Belarusian-owned company in Shenzhen has reportedly been acquiring tank parts from Japanese and Taiwanese manufacturers for use by Russia.
Sanctions
New Sanctions Packages Announced to Mark Ukraine War Anniversary
By Editors | 25/02/2024
The US, EU, Canada, Japan and Australia announced new Russia-related sanctions, including Chinese, Indian, South Korean and Thai companies among their targets.
AML / KYC
FATF Plenary Concludes With Beneficial Ownership, NPOs, Crypto in Focus
By Manesh Samtani | 23/02/2024
Kenya and Namibia were added to the FATF’s grey list while Barbados, Gibraltar, Uganda and the UAE were removed.
Enforcement
US Unveils Five Enforcement Actions Involving Russian Oligarchs
By Editors | 23/02/2024
The actions, including charges against the CEO of Russia’s VTB Bank, were unveiled just ahead of the two-year anniversary of the war in Ukraine.
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