Sanctions

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.

Sanctions

OFAC Announces Russian Diamond Ban, Price Cap Sanctions

By Editors | 09/02/2024

Import ban on Russian diamonds starts 1 March 2024. New sanctions target UAE-based entities and an oil tanker.

Sanctions

Australian Court Rejects Sanctions Challenge from Rusal Founder

By Editors | 09/02/2024

The Federal Court ruled that the sanctions imposed on Russian oligarch Oleg Deripaska were valid and proportionate.

Sanctions

Taiwan Adds More High Tech Items to Export Control List

By Editors | 08/02/2024

The expanded export controls list is part of a response to reports that Taiwan-made machine tools have ended up in Russia.

AML / KYC

Iraq Bars Eight Local Banks from Accessing US Dollars

By Editors | 06/02/2024

The move came days after a visit to Iraq by a top US official to discuss measures to protect the financial systems from criminal, corrupt and terrorist actors.

Sanctions

Canada Joins Allies in Sanctioning Hamas Officials

By Editors | 06/02/2024

This is the first time that Canada has used sanctions under its SEMA regulations to target non-state actors.

Sanctions

Iran Reported to Have Used UK Banks for Sanctions Evasion

By Editors | 06/02/2024

Iran allegedly used front companies in the UK to conceal real ownership and receive funds at accounts at two of the UK’s largest banks.

Enforcement

US Unseals Charges Against Iranian Oil Trafficking Network

By Editors | 05/02/2024

Nine individuals were charged over the illicit sale of Iranian oil to government-linked buyers in Russia, Syria and China.