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Sanctions
OFAC Sanctions 18 Tankers for Russian Oil Price Cap Violations
By Editors | 19/01/2024
UAE based shipping company Hennesea and 18 of its vessels are subject to restrictions for transporting Russian crude at prices higher than the price cap.
AML / KYC
EU Council, Parliament Reach Provisional Agreement on AMLD6
By Manesh Samtani | 18/01/2024
The scope of the AML rules is broadened to include cryptoassets, luxury goods, football clubs and golden visas. There is also an EU-wide cash payment limit of EUR 10,000.
Sanctions
US Sanctions Prompt China Banks to Review Russia Business
By Editors | 18/01/2024
The threat of secondary sanctions has prompted Chinese state-owned banks to review their Russian business and sever ties with clients on the sanctions list.
Sanctions
US Redesignates Yemen’s Houthis as Global Terrorist Group
By Editors | 18/01/2024
The designation comes with sanctions that target the group’s sources of financing and restrict its access to financial markets.
Sanctions
S. Korea Imposes Sanctions to Block DPRK Maritime Activities
By Editors | 17/01/2024
The sanctions target ships, individuals, and organisations for “illegal maritime activities that support North Korea’s nuclear and missile development.”
AML / KYC
NYDFS Announces $8m Settlement With Genesis Global Trading
By Editors | 15/01/2024
Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.
Sanctions
Better Enforcement Needed on Russia-related Export Controls
By Editors | 15/01/2024
New report calls for coalition authorities to address the role of third-country intermediaries in export controls circumvention schemes.
Sanctions
US Sanctions HK, UAE Companies to Target Houthi Revenues
By Editors | 15/01/2024
OFAC also identified four vessels as blocked property for their involvement in shipping Iranian commodities on behalf of a Houthi financial facilitator.
Sanctions
Biden Administration Supports Confiscation of Russian Assets – Report
By Editors | 12/01/2024
There have been concerns that the seizure of Russian assets could taint the reputation of the US financial system and spark a flight from the dollar.
Sanctions
US Imposes Sanctions Targeting Transfer of DPRK Missiles to Russia
By Editors | 12/01/2024
Three Russian entities, one individual, and four aircraft were designated over the transfer of ballistic missiles to Russia for use against Ukraine.
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