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Sanctions
Crypto / Digital Assets
Russia Using Tether Stablecoin to Circumvent Sanctions – Report
By Editors | 02/04/2024
One China-based smuggler used a Hong Kong distributor, shipments via Central Asia, and Tether for payments to fulfill Russian orders for drone parts.
Sanctions
Russia Blocks UNSC Resolution to Extend Mandate of DPRK Expert Panel
By Editors | 31/03/2024
The Russian veto will force the panel of experts to disband at the end of April, though the UNSC sanctions against North Korea will remain in place.
AML / KYC
Singapore: ACIP Sheds Light on Use of Data Analytics for AML/CFT
By Manesh Samtani | 30/03/2024
New paper discusses current and future uses of data analytics for AML/CFT, and how information shared over COSMIC could be leveraged to enhance such solutions.
Sanctions
US, UK Announce New Sanctions Targeting Hamas Financing
By Editors | 29/03/2024
Two individuals and three entities were sanctioned by the US and UK for engaging in fundraising efforts to support Hamas.
Sanctions
US and South Korea Jointly Announce New DPRK Sanctions
By Editors | 29/03/2024
The US and South Korea also launched a new task force that will work to disrupt North Korean refined oil procurement networks.
Sanctions
Businesses Have Lost Over $100bn From Russia Exits – Report
By Editors | 28/03/2024
Russia has steadily tightened its exit requirements as sanctions pressure has ramped up. It now demands discounts of at least 50% on foreign asset sales.
Sanctions
Russia Buys its Own Diamonds to Support State-owned Alrosa
By Editors | 28/03/2024
The Russian government is for the first time in 15 years procuring diamonds from Alrosa, which has been targeted by sanctions.
Sanctions
US, UK Probing $20b in Tether Transfers to Russia’s Garantex – Report
By Editors | 28/03/2024
There is no immediate suggestion of wrongdoing by Tether Holdings, the BVI-incorporated issuer of USDT.
Sanctions
US Warns Pakistan Against Proceeding With Iran Pipeline Project
By Editors | 27/03/2024
Iran has already invested $2bn in the project. Pakistan is seeking a US sanctions waiver to go ahead with construction on its leg of the pipeline.
Sanctions
Russia Launches Scheme to Unblock Foreign Securities
By Editors | 27/03/2024
Russian broker is accepting offers from Russians looking to free up overseas-held shares affected by sanctions.
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