SANCTIONS

Sanctions

OFAC Sanctions 7 Targets Over Illegal Exports to Iran

By Editors | 15/02/2024

Three individuals and four entities, including a subsidiary of Iran’s central banks, were sanctioned for illegally exporting US goods and tech to Iran.

Sanctions

Swiss Commodity Firms Under Probe for Russia Sanctions Breaches

By Editors | 15/02/2024

Two commodity trading firms were referred to prosecutors for allegedly using Middle East subsidiaries to circumvent Swiss sanctions against Russia.

Sanctions

France Announces Sanctions Against “Extremist” Israeli Settlers

By Editors | 14/02/2024

The move prohibits 28 individuals from entering France, which plans to also pursue sanctions against Israeli settlers at the European level.

AML / KYC

US DOJ Secures Guilty Plea in Russia Sanctions Evasion Case

By Editors | 14/02/2024

A Canadian-Russian national helped ship US-origin electronic components that were later found in Russian weapons in Ukraine.

Sanctions

EU Proposes to Apply Trade Curbs to Some Chinese Firms

By Editors | 14/02/2024

The current draft sanctions package includes three mainland companies which EU firms would not be allowed to trade with.

Sanctions

UK Announces First Sanctions Against Israeli Settlers

By Editors | 14/02/2024

Four individuals were designated for their involvement in violence against Palestinians in the West Bank, the first time the UK has imposed such measures.

Sanctions

EU Adopts New Rules for CSDs on Handling of Frozen Russian Assets

By Editors | 13/02/2024

The decision paves the way for the possible use of revenue generated from frozen Russian assets to aid in Ukraine’s reconstruction.

Sanctions

US VC Firms Accused of Supporting China’s Tech Ambitions

By Editors | 13/02/2024

A report released by a US congressional committee accuses Sequoia Capital China, Qualcomm Ventures and three other VC firms of supporting China’s military.

AML / KYC

Small German Bank Suspected of Helping Iran Evade Sanctions – Report

By Editors | 13/02/2024

BaFin has been investigating Hamburg-based Varengold Bank since last year, while APAS has been investigating its independent auditor, PwC.