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Sanctions
Sanctions
Switzerland Opens First Russia Sanctions-related Criminal Probe
By Editors | 13/03/2024
The company being probed is understood to be a commodity trading firm that used a UAE subsidiary to circumvent Swiss sanctions against Russia.
Sanctions
OFAC Sanctions Four for Aiding Bahrain-based Terrorist Group
By Editors | 13/03/2024
OFAC has sanctioned four individuals who fled Bahrain in 2018 to evade terrorism-related charges and wound up in Iran.
Sanctions
Russia Moves Ahead With Plan to Unblock Foreign-Listed Shares
By Editors | 13/03/2024
Under the plan, Russian private investors will be able to sell shares in overseas listed companies to foreigners with cash stuck in Russia.
Sanctions
OFAC Targets Financial Facilitators of al-Shabaab Militant Group
By Editors | 12/03/2024
OFAC said al-Shabaab, an al-Qa’ida-affiliated terrorist group, that is “responsible for some of the worst terrorist attacks in East Africa’s modern history”.
AML / KYC
Canadian FIs Required to Treat Russia as FATF-Blacklisted
By Editors | 12/03/2024
A ministerial directive requires Canadian FIs to treat every financial transaction connected to Russia as high-risk regardless of size.
Sanctions
EU States Step Up Efforts to Prevent Sanctions Circumvention
By Editors | 11/03/2024
Cases in Finland, Lithuania, Austria, Germany and Georgia show the pervasive the issue is, as well as signs that a deeper crackdown is underway.
Sanctions
Iran Court Allows Confiscation of US Oil in Response to Sanctions
By Editors | 10/03/2024
Proceeds from the confiscated oil will be used to compensate victims of a rare skin disease who have been unable to access certain medical items due to US sanctions.
Sanctions
Canada Announces New Iran Sanctions for Human Rights Abuses
By Editors | 10/03/2024
The sanctions target two individuals for their participation in the “violent repression of Iranian citizens, targeting in particular women and girls”.
Sanctions
US Authorities Explain Sanctions Obligations of Non-US Persons
By Manesh Samtani | 07/03/2024
DOJ, OFAC, and Commerce Department explain their enforcement authority and provide examples of actions already taken against non-US-based parties.
Sanctions
EU to Sanction 35 Individuals Over Death of Alexei Navalny
By Editors | 07/03/2024
The EU’s sanctions will target the most number of individuals over Navalny’s death compared to those of its allies Australia, Canada, the UK and US.
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