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Sanctions
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.
Sanctions
Japan to Ban Russian Diamonds in Latest Round of Sanctions
By Editors | 18/12/2023
Japan imposes new round of asset freeze and trade restrictions against Russia, including ban on importing non-industrial diamonds.
Sanctions
UK Introduces New Legislation to Expand Russia Sanctions
By Editors | 18/12/2023
The package targets exports of military goods to Russia and the import of Russian metals. New reporting obligations also introduced to improve sanctions compliance.
Enforcement
EU Leaders Agree on 12th Russia Sanctions Package
By Editors | 18/12/2023
The package includes additional import and export bans and measures to better enforce the oil price cap. Agreement also reached on criminalisation of sanctions violations.
Enforcement
Ex-FBI Agent Jailed for Helping Sanctioned Russian Oligarch
By Editors | 18/12/2023
Former FBI agent Charles McGonigal conspired to violate US sanctions and commit money laundering to help sanctioned Russian oligarch Oleg Deripaska.
AML / KYC
India, US Pledge to Cooperate on Global Illicit Finance Risks
By Editors | 17/12/2023
Key topics of the joint India-US AML/CFT Dialogue were virtual assets, sanctions implementation, and beneficial ownership transparency.
Sanctions
UK Inaugurates New Iran Sanctions Regime with Joint UK-US Action
By Editors | 16/12/2023
US and UK governments announce joint sanctions against eight individuals as UK’s new Iran sanctions regulations come into force.
AML / KYC
EU Lawmakers Reach Agreement on AMLA Establishment
By Editors | 14/12/2023
Co-rapporteur Eva Maria Poptcheva said the new Anti-Money Laundering Authority will be a “game changer to crack down on dirty money in the EU”.
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