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Sanctions
Sanctions
New York State Fines Payments Company for Weak Sanctions Controls
By Editors | 07/11/2023
Payoneer settles with New York State for USD 1.2 million for compliance failings after paying OFAC USD 1.4 million in 2021.
Sanctions
US Government Tells Banks to Watch for Signs of Export Controls Evasion
By Editors | 07/11/2023
Latest BIS-FinCEN alert introduces a new filing code for suspicious activity reports related to suspected export controls evasion.
Enforcement
New OFAC Settlement Highlights Compliance for E-Commerce
By Editors | 07/11/2023
The US Treasury Department said a US-based online rewards company failed to identify transactions involving persons in Crimea, Cuba, Iran, and Syria.
Sanctions
US Commerce Department Fines Manufacturer for Aiding Israeli Boycott
By Editors | 05/11/2023
The US-based manufacturer admitted to violating the US Antiboycott Regulations by certifying that shipments to the Middle East did not contain Israeli-origin goods.
Sanctions
US Sanctions Russian National for Laundering Funds for Wealthy Clients
By Editors | 05/11/2023
Ekaterina Zhdanova allegedly helped wealthy clients evade sanctions and move money internationally using crypto and other channels.
Sanctions
US Congress Proposes New Sanctions on HK Judiciary
By Editors | 05/11/2023
The proposed legislation would direct the US President to consider sanctioning 49 individuals involved in prosecuting National Security Law cases.
Sanctions
US Targets Entities in China, Turkey, UAE in Latest Round of Russia Sanctions
By Editors | 03/11/2023
US Treasury and State Departments sanction more than 200 targets in several countries, as US Commerce Department adds 13 Russian companies to its Entity List.
AML / KYC
AUSTRAC Establishes Operational Response To Israel-Gaza Conflict
By Sanday Chongo Kabange | 02/11/2023
AUSTRAC advises reporting entities to report any suspicious transactions they identify as part of the “important role” they play in stopping financial crime.
Sanctions
US, UK, Canada Announce New Myanmar Sanctions
By Editors | 01/11/2023
OFAC restricts financing to Myanma Oil and Gas Enterprise (MOGE), as UK and Canada add new names to asset freeze lists.
AML / KYC
Japan Joins US in Sanctioning Hamas Fundraisers
By Editors | 31/10/2023
Japan announces sanctions on nine individuals and one company following US Treasury action earlier this month.
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