SANCTIONS

Sanctions

Russia Considers Decree to Enable Investors to Unblock Assets

By Mark Johnston | 28/08/2023

Under the plan, interested foreign investors would be able to buy Russian assets currently frozen in Europe.

Sanctions

New Zealand Joins US, UK in Sanctions over Treatment of Ukrainian Children

By Editors | 27/08/2023

The New Zealand and US sanctions coincided with Ukrainian Independence Day on 24 August.

Sanctions

US Commerce Dept Removes 27 Chinese Companies from “Unverified List”

By Editors | 25/08/2023

The Unverified List is part of the US Export Administration Regulations. A company may be placed on the list when certain information about it cannot be verified.

Sanctions

Canada Sanctions Russian Military, Nuclear, Banking Sector Targets

By Mark Johnston | 24/08/2023

Canada sanctioned four individuals and 29 entities linked to Russia’s military, financial and nuclear sectors over the Ukraine war.

Sanctions

OFAC Expands Sanctions on Jet Fuel for Myanmar Military

By Editors | 24/08/2023

One of the sanctioned individuals helps Myanmar’s military regime procure jet fuel through Singapore-based holding companies.

AML / KYC

US Sanctions Tornado Cash Co-founder, Arrests Another

By Manesh Samtani | 24/08/2023

Russian national Roman Semenov was added to OFAC’s sanctions list. Another co-founder, Roman Storm, was arrested on Wednesday.

Crypto / Digital Assets

North Korea Stole $200m in Crypto in 2023: TRM Labs

By Mark Johnston | 23/08/2023

TRM Labs describes how North Korea has evolved its on-chain laundering methodologies to evade sanctions, law enforcement scrutiny, and tracing capabilities.

Crypto / Digital Assets

Russia Launches CBDC Pilot With 13 Banks Participating

By Editors | 21/08/2023

The pilot involves 13 banks and 600 individual clients who can make payments at 30 points of sale in 11 Russian cities.

AML / KYC

Bangladesh’s Sonali Bank Freezes Accounts of Myanmar State Banks

By Editors | 18/08/2023

The move was made in response to direct requests from US authorities, who sanctioned two of Myanmar’s state-owned banks in June.