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Sanctions
Sanctions
OFAC Targets Procurement Networks Used for Iran Weapons Programmes
By Editors | 21/03/2024
The sanctions target 5 individuals and 10 companies they own or use to facilitate procurements for Iran’s nuclear and other military weapons programmes.
Sanctions
OFAC Issues New Russia Sanctions Over ‘Malign Influence Efforts’
By Editors | 20/03/2024
Two individuals and their companies were sanctioned for creating fake websites designed to impersonate government bodies and media outlets with intent to deceive.
Fintech / Regtech
Microsoft, Amazon Suspend Russian Access to Cloud Products
By Editors | 18/03/2024
The move is a response to the EU’s 12th package of Russia sanctions, which prohibits companies from supplying enterprise or design software to companies in Russia.
Sanctions
Russia Imposes New Personal Sanctions on 227 US Citizens
By Editors | 17/03/2024
The sanctions target several current and former State Department officials, along with journalists, researchers, and members of the business community.
Sanctions
OFAC Targets Another Vessel Over Iran Commodity Shipments
By Editors | 17/03/2024
The sanctions target a Panama-flagged vessel which OFAC says headed to China carrying Iranian commodities received on behalf of a Houthi financial facilitator.
Sanctions
G7 Warns of Sanctions if Iran Delivers Missiles to Russia
By Editors | 17/03/2024
If Iran delivers ballistic missiles to Russia, Iran Air flights to European cities could be suspended, among other unspecified measures.
Enforcement
OFAC Penalises Swiss Bank for Apparent Sanctions Violations
By Editors | 15/03/2024
OFAC said EFG International caused US firms to process 873 securities-related transactions on behalf of sanctioned individuals.
Sanctions
US Extends Iran Sanctions Waiver Used by Iraq
By Editors | 14/03/2024
The waiver allows Iraq to pay Iran for electricity and natural gas imports into escrow accounts, where the funds can only be used for humanitarian supplies.
Sanctions
EU Considers Sanctions Package Targeting Russia Facilitators
By Editors | 14/03/2024
The EU sanctions could target Belarus, North Korea, Iran and other third countries where entities enable Russian access to weapons and sensitive technology.
Sanctions
EU Parliament Approves Rules Criminalising Sanctions Violations
By Editors | 14/03/2024
Sanctions violations and circumvention will be punished with up to five years in jail for individuals and fines for companies.
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