Sanctions

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.

Sanctions

OFAC Sanctions Four HK Entities for Supporting Iran

By Editors | 05/02/2024

Three of the Hong Kong companies operated as “covert procurement entities” for Iran’s weapons programmes. The fourth sold Iranian commodities to benefit Iran.

Sanctions

Oil Price Cap Coalition Issues Alert on Evasion Methods

By Editors | 04/02/2024

The alert includes an overview of key oil price cap evasion methods as well as recommendations for identifying them.

Sanctions

Taiwan Tightens Controls on Machine Tool Exports to Russia

By Editors | 04/02/2024

The penalty for first-time illegal exports to Russia has been increased and Russian company “I Machine Technology” was added to Taiwan’s entity list.

Sanctions

OFAC Sanctions Iranians Over Cyber Attacks on US Water Plants

By Editors | 03/02/2024

No critical services were disrupted in the attacks, but OFAC said the US is “deeply concerned” about attacks that target critical infrastructures.

AML / KYC

Binance Faces Lawsuit from Hamas Victims for Facilitating Terrorism

By Editors | 02/02/2024

The lawsuit, which alleges that Binance enabled Hamas to finance the 7 October attacks, also names Iran and Syria as defendants.

Sanctions

Australia, UK Join US in Imposing New Myanmar Sanctions

By Editors | 02/02/2024

The sanctions come three years after the military coup in Myanmar. Australia and the UK targeted a combined nine entities.

Sanctions

US Sanctions Four Israelis for Violence on Palestinians

By Manesh Samtani | 01/02/2024

These are the first sanctions targeting Israeli citizens. FinCEN also issued an alert to help FIs identify activity that finances violence against Palestinians in the West Bank.