Sanctions

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    Sanctions

    G7 Ban on Indirect Imports of Russian Diamonds Takes Effect

    By Editors | 03/03/2024

    The World Federation of Diamond Bourses says the ban on Russia-produced diamonds will also harm non-Russian manufacturers and traders.

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    Sanctions

    Switzerland Adopts EU’s 13th Russia Sanctions Package

    By Editors | 01/03/2024

    The package adds a further 106 individuals and 88 entities and organisations to Switzerland’s sanctions list.

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    AML / KYC

    Illicit Crypto Funds Flow Into Sanctioned Entities and Jurisdictions: Report

    By Nithya Subramanian | 01/03/2024

    Chainalysis said that entities in heavily sanctioned jurisdictions lack access to traditional financial systems and are attempting to use crypto to evade sanctions.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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