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SANCTIONS
AML / KYC
FinCEN to Require FIs to Report Transactions Involving Crypto Mixers
By Editors | 19/10/2023
FIs would have to report information about transactions they know or suspect could involve crypto mixing, whether in the US or in another jurisdiction.
Sanctions
US & Allies Reimpose Iran Sanctions Following UNSCR Expiry
By Manesh Samtani | 19/10/2023
A 2015 UN Security Council resolution targeting Iran’s ballistic missile, nuclear, and drone programmes has expired.
Sanctions
OFAC Sanctions Hamas Operatives, Financial Facilitators
By Editors | 18/10/2023
OFAC is targeting Hamas members managing a “secret” investment portfolio, a Qatar-based financial facilitator, and a Gaza-based crypto exchange.
Sanctions
US Tightens Export Controls on Advanced Computing Chips
By Editors | 18/10/2023
The Commerce Department said changes are needed to maintain the effectiveness of the export controls imposed in October 2022 and close loopholes.
Sanctions
OFAC Issues First Sanctions for Breaches of Russia Oil Price Cap
By Editors | 15/10/2023
A new advisory was also released offering recommendations to the maritime industry and related sectors to enhance compliance with the price caps.
Sanctions
OFAC Sanctions Target Drug Trafficking, Crypto Abuse – Chainalysis
By Jill Wong | 10/10/2023
OFAC sanctions against several Chinese entities are an important step in preventing crypto abuse by criminal syndicates, Chainalysis says.
Enforcement
StanChart Seeks Removal of Allegations in Investor Lawsuit
By Mark Johnston | 05/10/2023
Standard Chartered says allegations that it misled investors on its sanctions noncompliance are baseless.
Sanctions
OFAC Sanctions China-based Network for Fentanyl Production, Trafficking
By Editors | 04/10/2023
The DOJ unsealed indictments charging Chinese companies and their employees for illicit drug production, distribution, and sales of precursor chemicals.
Sanctions
Singapore Court Rules Against JPMorgan in Trade Sanctions Lawsuit
By Manesh Samtani | 02/10/2023
The Court of Appeal ruled that JPMorgan’s use of a sanctions clause to withhold payment on letters of credit was not contractually justified.
Sanctions
Western Allies Issue Guidance on Russia-related Export Controls
By Mark Johnston | 01/10/2023
E5 countries issue a guidance document for industry and academia on exporting commercial goods that may be subject to Russia sanctions.
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