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SANCTIONS
Sanctions
EU Sanctions World’s Largest Diamond Producer
By Editors | 04/01/2024
The move is in line with the ban on Russian diamonds introduced as part of the EU’s 12th package of sanctions last month.
Sanctions
Taiwan Expands Export Controls to Prevent Russian Use of High-Tech Goods
By Editors | 28/12/2023
Taiwan is expanding its export controls to take into account items found on the battlefield in Ukraine by international allies.
Sanctions
S. Korea Imposes Sanctions Against Eight North Koreans
By Editors | 28/12/2023
South Korea said the eight individuals generated income to support North Korea’s nuclear and missile programmes, including through illegal cyber activities.
Sanctions
China Sanctions Data Provider Kharon and Two Employees in Response to US Sanctions
By Editors | 26/12/2023
China’s Ministry of Foreign Affairs announced sanctions against US-based Kharon and two researchers under the Anti-Foreign Sanctions Law in response to US human rights sanctions.
Enforcement
Singapore Announces Criminal Charges Over DPRK Gasoil Sales
By Editors | 26/12/2023
Defendants are accused of shipping gasoil to North Korea in violation of UN sanctions via the MT Courageous, an oil tanker seized by the US in 2021.
Sanctions
US Threatens Foreign Banks with Sanctions over Russia Transactions
By Editors | 23/12/2023
New executive order authorises OFAC to sanction non-US banks for facilitating certain Russian transactions as US imposes new restrictions on Russian seafood and gold imports.
Enforcement
Insurer Settles with OFAC after Issuing Policies to Sanctioned Russian’s Company
By Editors | 23/12/2023
US-based Privilege Underwriters Reciprocal Exchange agreed to pay USD 466,000 over policy written for Panamanian company owned by sanctioned oligarch Viktor Vekselberg.
Sanctions
OFAC Sanctions Hong Kong, UAE Firms for Russian Oil Trades
By Editors | 20/12/2023
US aims to strengthen G7 oil price cap sanctions with asset freeze on Russian state-owned ship manager and Hong Kong and UAE companies found trading Russian oil above the cap.
Sanctions
US Sanctions Companies Across Asia for Procuring Parts for Iranian UAVs
By Editors | 20/12/2023
OFAC sanctions targets in Hong Kong, Indonesia, and Malaysia as DOJ indicts Iranian and Chinese nationals.
Crypto / Digital Assets
EU Publishes Details of Latest Russia Sanctions Package
By Editors | 18/12/2023
EU adds 147 names to asset freeze list and bans diamond imports in its 12th round of sanctions against Russia since February 2022.
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