SANCTIONS

Sanctions

US Sanctions Three Entities Tied to Russia-DPRK Arms Deals

By Editors | 16/08/2023

The three entities are owned or controlled by a Slovakian arms dealer who was sanctioned by the US in March.

AML / KYC

Ex-FBI Agent Admits He Worked for Sanctioned Russian Oligarch

By Editors | 15/08/2023

Charles McGonigal, one of the highest-ranking FBI agents to ever face criminal charges, entered a guilty plea on Tuesday in New York.

Sanctions

Myanmar Allows Thai Baht to be in International Payments

By Editors | 14/08/2023

Myanmar’s Military Council has designated the Thai Baht as a currency for both international payments and account clearing.

Sanctions

OFAC Sanctions Four Russians Linked to Alfa Group

By Editors | 14/08/2023

The four individuals have already been sanctioned by Australia, Canada, the EU, New Zealand, and the UK.

Sanctions

Korea Unfreezes Iranian Funds as Part of US Prison Swap Deal

By Editors | 14/08/2023

$7bn of Iran’s funds have been frozen in South Korea since May 2019, after sanctions waivers for oil imports were allowed to expire.

AML / KYC

SEBI Tightens Disclosure Requirements for FPIs

By Editors | 14/08/2023

FPIs are required to provide information on persons with ownership, economic interest or control in an FPI.

AML / KYC

RUSI Publishes Virtual Assets Risk Assessment Guide

By Editors | 12/08/2023

The guide offers a ‘virtual assets risk assessment framework’, as well as risk mitigation strategies and best practices.

Sanctions

Russia Suspends Tax Agreements with 38 Countries

By Mark Johnston | 11/08/2023

The double-taxation treaties are suspended in view of “unfriendly actions” of certain countries.

Sanctions

US, Canada, New Zealand Target Belarus With New Sanctions

By Editors | 10/08/2023

The coordinated sanctions come on the three-year anniversary of a presidential election which Alexander Lukashenko won by allegedly falsifying votes.