Sanctions

Sanctions

BRICS Nations to Create Blockchain-based Payment System

By Editors | 05/03/2024

The move aimed at increasing the role of the BRICS in the international monetary system and reducing reliance on US dollars.

Enforcement

Coal Miner Challenges Australia Sanctions Regime in Court

By Editors | 05/03/2024

Tigers Realm Coal produces coal in Russia but does not directly export it. DFAT alleges breach of sanctions, which Tigers Realm has challenged.

Sanctions

UK Launches Inquiry to Assess Russia Sanctions Programme

By Editors | 05/03/2024

The inquiry will also explore the confiscation of frozen Russian assets and whether sanctions should cover buyers of Russian oil and gas.

Sanctions

US Sanctions Zimbabwe’s President, Other Officials

By Editors | 05/03/2024

The sanctions were issued under the Magnitsky programme. The Zimbabwe Sanctions Regulations have been terminated.

Enforcement

Boeing Fined $51m for Arms Export Control Violations

By Editors | 04/03/2024

Boeing is also required to engage a special compliance officer for at least two years and spend a further $24mn on strengthening its compliance programme.

Sanctions

EU Commission Launches New Sanctions Tracking Tool

By Editors | 04/03/2024

The tracker shows that a total of 3,677 individuals and 1,018 entities are currently listed across the EU’s 35 sanctions regimes.

Sanctions

Japan Announces New Round of Sanctions on Russia

By Editors | 04/03/2024

The sanctions target a total of 12 individuals and 37 entities, add new export restrictions, and implement the G7 ban on Russian diamonds.

Crypto / Digital Assets

Russia Re-rated on Four FATF Recommendations

By Editors | 04/03/2024

Russia was upgraded on R.6, R.7, and R.25, and downgraded on R.15 because digital currency activities are largely unregulated.

Sanctions

Canada Sanctions Six Over Death of Alexei Navalny

By Editors | 03/03/2024

The targets include senior officials and high-ranking employees of Russia’s prosecution, judicial and correctional services.