Sanctions

AML / KYC

NYDFS Announces $8m Settlement With Genesis Global Trading

By Editors | 15/01/2024

Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.

Sanctions

Better Enforcement Needed on Russia-related Export Controls

By Editors | 15/01/2024

New report calls for coalition authorities to address the role of third-country intermediaries in export controls circumvention schemes.

Sanctions

US Sanctions HK, UAE Companies to Target Houthi Revenues

By Editors | 15/01/2024

OFAC also identified four vessels as blocked property for their involvement in shipping Iranian commodities on behalf of a Houthi financial facilitator.

Sanctions

Biden Administration Supports Confiscation of Russian Assets – Report

By Editors | 12/01/2024

There have been concerns that the seizure of Russian assets could taint the reputation of the US financial system and spark a flight from the dollar.

Sanctions

US Imposes Sanctions Targeting Transfer of DPRK Missiles to Russia

By Editors | 12/01/2024

Three Russian entities, one individual, and four aircraft were designated over the transfer of ballistic missiles to Russia for use against Ukraine.

Sanctions

EU Sanctions World’s Largest Diamond Producer

By Editors | 04/01/2024

The move is in line with the ban on Russian diamonds introduced as part of the EU’s 12th package of sanctions last month.

Sanctions

Taiwan Expands Export Controls to Prevent Russian Use of High-Tech Goods

By Editors | 28/12/2023

Taiwan is expanding its export controls to take into account items found on the battlefield in Ukraine by international allies.

Sanctions

S. Korea Imposes Sanctions Against Eight North Koreans

By Editors | 28/12/2023

South Korea said the eight individuals generated income to support North Korea’s nuclear and missile programmes, including through illegal cyber activities.

Sanctions

China Sanctions Data Provider Kharon and Two Employees in Response to US Sanctions

By Editors | 26/12/2023

China’s Ministry of Foreign Affairs announced sanctions against US-based Kharon and two researchers under the Anti-Foreign Sanctions Law in response to US human rights sanctions.