Sanctions

Enforcement

Crypto Exchange Pays OFAC USD 1.2 Million to Settle Crimea Violations

By Editors | 14/12/2023

US-based CoinList Markets processed 989 transactions on behalf of users in the Crimea region in violation of OFAC sanctions regulations.

Sanctions

Canada Sanctions Political Candidates from Russian-Occupied Area

By Editors | 12/12/2023

Canada accuses 30 Russian nationals of taking part in “sham” elections in Russian-occupied Kherson Oblast.

Sanctions

Chinese Firms Among More Than 150 Sanctioned by OFAC for Russia Exports

By Editors | 12/12/2023

Latest OFAC action targets individuals and companies in several countries, including China, Singapore, Türkiye, and the UAE, for exporting to Russia’s military-industrial base.

Sanctions

Shipping Companies Warned of Red Flags in New US Sanctions Guidance

By Editors | 12/12/2023

Five US agencies team up to issue guidance for shipping and logistics firms as US government continues crackdown on sanctions and export control evasion.

Enforcement

UK to Launch New Unit to Investigate Trade Sanctions Violations

By Editors | 12/12/2023

The Office of Trade Sanctions Implementation is expected to begin its civil enforcement activities sometime in early 2024, the UK government says.

Sanctions

EU Expands Sanctions on Myanmar Junta and Supporters

By Editors | 12/12/2023

EU imposes asset freezes on four individuals and two companies in latest action against Myanmar’s military-led government.

Enforcement

Binance’s CZ Zhao Now Required to Remain in US Until Sentencing

By Editors | 11/12/2023

Initially, a magistrate judge appeared to be allowing Zhao to leave the US until his sentencing hearing in February. A district court judge has reversed this ruling.

Sanctions

US, UK, Canada Announce Coordinated Human Rights Sanctions

By Editors | 11/12/2023

The US targeted individuals across nine countries; the UK sanctions included targets involved in forced ‘scam farm’ labour in Cambodia, Laos and Myanmar.

Enforcement

OFAC Announces Settlement with Nasdaq for Sanctions Violations

By Editors | 10/12/2023

Nasdaq’s Armenian subsidiary committed 151 apparent violations of sanctions on Iran before the violations were self-reported in 2014.