Sanctions

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    Sanctions

    UK Announces First Sanctions Against Israeli Settlers

    By Editors | 14/02/2024

    Four individuals were designated for their involvement in violence against Palestinians in the West Bank, the first time the UK has imposed such measures.

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    Sanctions

    EU Adopts New Rules for CSDs on Handling of Frozen Russian Assets

    By Editors | 13/02/2024

    The decision paves the way for the possible use of revenue generated from frozen Russian assets to aid in Ukraine’s reconstruction.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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